Cleveland MN Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 3,800
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.12 Acres
- Baths:
- MLS#:
- 7036072
View additional info
Courtesy: LANDMARK REAL ESTATE
ADDITIONAL INFORMATION
Great investment opportunity! This building has three apartments, all 3 have been completely remodeled within the last year.The first apartment is 3 bedrooms, one bath on the second floor with current rent at $1,100 per month. The second apartment is also on the second floor with three bedrooms, one bath currently $1,000 per month. The third apartment is on the main floor and has two bedrooms and is currently $900 permonth. The main floor features a laundromat that averages $500 - $800 monthly income. There is opportunity for increases to market rate for rent as well as storage space in the basement and the possiblity to convert the other half of the laundromat to retail space. Apartments have control of their own heat, and could use locked thermostats to lower monthly gas bills. Potential increases of over $1,000 per month with little capital invested. Electrical averages around $4 per day, Water bill is consistently $250/Month and Garbage is $40/Month
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Cleveland Real Estate
The median home value in Cleveland, MN is $334,950. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Cleveland, MN is $334,950. Approximately 84.36% of Cleveland homes are owned, compared to 8.36% rented, while 7.27% are vacant. Cleveland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cleveland real estate agent to arrange a tour today!
Cleveland, Minnesota has a population of 726. Cleveland is less family-centric than the surrounding county with 26.34% of the households containing married families with children. The county average for households married with children is 31.3%.
The median household income in Cleveland, Minnesota is $81,250. The median household income for the surrounding county is $80,425 compared to the national median of $69,021. The median age of people living in Cleveland is 35.3 years.
Cleveland Weather
The average high temperature in July is 83 degrees, with an average low temperature in January of 4.5 degrees. The average rainfall is approximately 32.4 inches per year, with 43.2 inches of snow per year.