275 N Pine Street, Dexter, MN 55926 (MLS# 6624764)

General Property Information

Lot Measurement: Acres
Management Company Name: Dwell
Multiple PIDs?: No
Other Parking Spaces: 8
Owner Occupied: No
Waterfront Present: No
Year Built: 2002
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 2340
Garage Stalls: 6
Management Company Phone: 715-523-3715
For Sale or Lease: For Sale
Acres: 0.41
Lot Dimensions: 113x159
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Central Air CMU Style: Apartments/Multi Family Construction Materials: Insulating Concrete Forms Construction Status: Previously Owned Current Use: Residential Exterior: Vinyl Financing Terms: Conventional Fuel: Propane Heating: Forced Air; In-Floor Heating; Zoned Loan Terms: Cash; Conventional Lock Box Type: Combo On Site Utilities: Electric Separate; Hot Water Common Parking Characteristics: Finished Garage Sewer: City Sewer/Connected Tenant Pays: Cable TV; Electricity Water: City Water/Connected

Contract Information

Off Market Date: 2025-02-06
Closed Date: 2025-04-01
Sales Close Price: 420000
Contingency: None
ListPrice: 459000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 275
Street Direction Prefix: N
Street Name: Pine
Street Suffix: Street
Postal City: Dexter
County: Mower
State: MN
Zip Code: 55926
Complex/Dev/Subdivision: Shaws Second Add

Assessments

Tax With Assessments: 4998
Assessment Balance: 0

Building Information

Building Finished SqFt: 6000

More Information

Income and Expenses

Annual Electric Expense: 720
Annual Fuel Expense: 3000
Annual Gross Expenses: 19758
Annual Gross Income: 58500
Annual Net Income: 38742
Annual Trash Expense: 1200
Annual Water/Sewer Expense: 1000

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 1000
Finished Garage: Yes

Sale Options

Sale Includes: Leases

Unit 1

Unit Number: Yes
Monthly Rent: 825
Full Baths: Yes
Half Baths: Yes
Total Bathrooms: 2
Total Bedrooms: Yes

Unit 2

Full Baths: 2
Half Baths: Yes
Monthly Rent: 1350
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 2

Unit 3

Full Baths: 2
Monthly Rent: 875
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 3

Unit 4

Full Baths: 2
Monthly Rent: 875
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 4

Unit 5

Full Baths: 2
Monthly Rent: 950
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 5

Unit Details

Total Units: 5

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SHAW'S SECOND ADDITION 23012 001 002
Listing City: Dexter
Map Page: 999
Municipality: Dexter
School District: Southland
School District Phone: 507-582-3283
Zip Plus 4: 1152
Property ID Number: 230120110
Tax Year: 2024
Tax Amount: 4998
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Incredible Investment opportunity in this peaceful community! Own this income producing 5-Plex with ICF foundation, In-floor heat, in-unit laundry, walk-in closets, generous sized units, and attached garages. This is not your ordinary apartment complex - must see in person to appreciate!
Directions: From I90 take Hwy7 exit then north on Main St. East on Maple St then North on N Pine St.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Construction Materials

Insulating Concrete Forms: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Financing Terms

Conventional: Yes

Fuel

Propane: Yes

Heating

Forced Air: Yes
In-Floor Heating: Yes
Zoned: Yes

Lock Box Type

Combo: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

On Site Utilities

Electric Separate: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes