Join us this Tuesday, from 11:00 - 2:00 p.m. for a Broker open house at 21090 OLINDA TRAIL N MARINE ON SAINT CROIX MN 55047.
This Open House event is a Broker Open and we will be serving a wonderful lunch from Keys Cafe.
This Commercial and Residential mixed use opportunity with good cash flow opportunity!!!
Join us this Tuesday, from 11:00 - 2:00 p.m. for a Broker open house at 21090 OLINDA TRAIL N MARINE ON SAINT CROIX MN 55047. This Commercial and Residential mixed use opportunity with good cash flow opportunity!!!
This mixed use property could be used in many different configurations. Two of the most common would be:
Current use: The upper level is divided into two different store or office fronts, while the lower level is used as a residential rental.
Other possibilities would be converting the entire property into multiple residential rentals.
We could go on with additional examples, but the point being that the zoning will allow for the new owner to choose what type of property they would choose to configure this as.
There are A LOT of highlights to list and talk about with this property, but here are a few that will help shed some light on just what a great property and opportunity this is:
This property was renovated, updated and "refaced" with a wonderful 40's street front look as recent as 2011.
The renovation included beautiful upgraded wood and ceramic floors, a completely new store front look that gives it a wonderful personality of store fronts back in the 1940's, new bathrooms, updated cooling and heating, upgrade and classy fir doors, and much more!
The two upper units are attached with a walk through allowing it to be one unit (the adjoining door is currently covered by a large bookshelf - so you might not notice this).
Both the commercial and residential unit have wonderful sitting areas in the form of a large deck and patio.
The residential unit has a nice large yard, large patio, Washer and dryer, new kitchen counter top, new tile work and also has been recently remodeled.
The residential unit truly couldn't be easier to rent out since their simply is not much available in the area. This has been a huge plus just knowing that there has been no concern keeping it rented.
The residential unit 1 Bedroom, 1 Bathroom, Living Room, Kitchen, large patio and yard (currently rented month to month and renter receives $100 discount on rent for being the caretaker - mows grass, shovels snow, etc.).
Basic financials:
The current owner has owned the property since December 2010 and is renting one of the commercial sides of the property. Willing to stay or go based on the new owners plans.
Both the current residential and business renters are on a month to month basis. Further allowing the new owner to decide how they would like to use or setup the property.
The residential unit is being rented for $850.
The commercial units are renting for $750 and $600.
All units are currently month to month.
According to the seller zoning will allow the current setup or a complete residential multi-family-residential rental (buyer to verify zoning and code).
It will be hard to find a mixed use property out there that is a clean and updated as this one, and has the level of flexibility that this can provide to an investor. Call the co-listing agent Doug Goerss at 651-470-1113 or email him at doug@14moves.com for more information.
PLEASE CALL 651-464-1179 OR VISIT US AT TwinCitiesRealEstate.Properties FOR CURRENT PRICING AND AVAILABILITY!
PLEASE CALL 651-464-1179 OR VISIT US AT TwinCitiesRealEstate.Properties FOR CURRENT PRICING AND AVAILABILITY!
PLEASE CALL 651-464-1179 OR VISIT US AT TwinCitiesRealEstate.Properties FOR CURRENT PRICING AND AVAILABILITY!
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