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109 E School ST Owatonna, MN 55060
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Key Details
Sold Price $232,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Phelps Add
MLS Listing ID 5750224
Sold Date 06/16/21
Year Built 1878
Annual Tax Amount $1,760
Tax Year 2021
Contingent None
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 135 x 96
Property Description
OPPORTUNITY plus VISION equals AMAZING POTENTIAL! This unique property offers a variety of income possibilities for out-of-the-box thinkers.
The main level currently houses a very nice 1 BR apartment with both front and side access, and adjacent patio space leading to a 2-stall garage.The second main level space is being used for business purposes but could be reconverted to a studio apartment. On the second floor are 3 separate rental spaces - one is a large studio apartment, the second is a 1 BR unit and the third is an efficiency apartment. Imagine the possibilities: a combined workspace and living space with additional rental income, short or long term rental options as an alternative to hotel living, or anything else you can envision! The property has been very well maintained over the years, and has been updated with an eye to quality and functionality. High ceilings, beautiful tall windows and ample off-street parking add to the character and value of this exceptional property.
Location
State MN
County Steele
Zoning Business/Commercial
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Appliance Gas Water Heater, Water Softener Owned
Exterior
Parking Features Detached, Concrete
Garage Spaces 2.0
Utilities Available Electric Separate, Hot Water Separate
Roof Type Asphalt
Present Use Residential
Building
Lot Description Corner Lot, Tree Coverage - Medium
Story Two
Foundation 1088
Sewer City Sewer/Connected
Water City Water/Connected, City Water - In Street
Level or Stories Two
Structure Type Brick/Stone
Schools
School District Owatonna
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