201 5th Street N, Grove City, MN 56243 (MLS# 7044982)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1918
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Main Floor Total SqFt: 1332
Above Ground SqFt: 1332
Total SqFt: 1332
Foundation Size: 1332
Style: (MF) Other
Total Finished Sqft: 1332.00
Garage Stalls: 2
Lot Dimensions: 64x106x91 irr
Acres: 0.32
Assessment Pending: Unknown
Below Grd Total SqFt: 0

Property Features

Accessible: None Basement: Unfinished Construction Status: Previously Owned Exterior: Wood Foundation: Concrete Block Fuel: Other Heating: Forced Air Lock Box Type: Combo Owner Pays: Electricity; Gas; Trash Collection; Water Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 260000
ListPrice: 240000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 201
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: N
Postal City: Grove City
County: Meeker
State: MN
Zip Code: 56243
Complex/Dev/Subdivision: T C Lawsons Sub

Assessments

Tax With Assessments: 2752
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1332

More Information

Income and Expenses

Annual Electric Expense: 1500
Annual Fuel Expense: 1200
Annual Gross Expenses: 7432
Annual Gross Income: 29508
Annual Net Income: 22076
Annual Trash Expense: 480
Annual Water/Sewer Expense: 1500
Total Annual Expenses: 7432
Annual Caretaker Expense: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 320

Public Survey Info

Range#: 32
Section#: 3
Township#: 119

Unit 1

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: Yes
Annual Rent: 11964
Finished SqFt: 700
Full Baths: Yes
Monthly Rent: 997
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 3

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 9300
Finished SqFt: 400
Monthly Rent: 775
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 2

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
3/4 Baths: Yes
Annual Rent: 8244
Finished SqFt: 400
Monthly Rent: 687
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 2

Unit Details

Total Units: 3

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LAWSON'S SUB LOT 1 OF LOT C LAWSON'S SUB OF N 1/2 NE 1/4
Listing City: Grove City
Map Page: 999
Municipality: Grove City
School District: A.C.G.C.
School District Phone: 320-857-2271
Zip Plus 4: 5162
Property ID Number: 250225000
Tax Year: 2025
Tax Amount: 2752
In Foreclosure?: Not disclosed
Potential Short Sale?: Not disclosed
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: 100% occupied, cash-flowing investment opportunity in the community of Grove City. Conveniently located just one hour from Saint Cloud, this well-maintained property features three rental units, including two 1-bedroom, 1-bath units on the main level and one 2-bedroom, 1-bath unit on the upper level. Turn-key operation with strong rental history and consistent income. Priced at an attractive 8.5% cap rate, making this an excellent addition to any investor’s portfolio or an amazing owner-occupied home.
Directions: US 12 W/N Sibley Ave, right onto 5th St. N

Accessible

None: Yes

Basement

Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Other: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Trash Collection: Yes
Water: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

201 5th Street N, Grove City, MN 56243

Overview

Description

Listing Details MLS# 7044982