16 Unit Apartment Complex – Gibbon, MN

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719 & 743 Birch Ave

 Gibbon,  MN

Price: $474,900

MLS: 7025252

N/S: 5656176

Taxes: $12,548

PID’s: 33.0380.010, 33.0380.020 & 33.0380.031

Lot size: 140’ x 266’

This is a wonderful investment property with excellent returns! Best rental deal around. Current owner has owned it since 1999 and has maintained it throughout the years. Each building includes 7 – 2 bedroom units and a 1 bedroom unit. Total of 16 units between the 2 – 8-plex apartment buildings. South building has 6,720 finished sq ft., North building is 7,680 finished sq ft. Owner has replaced many of the windows, resided the exterior, updated water heaters, softeners, washer/dryers, appliances, carpets, flooring, and fresh paint.

Amenities included: coin operated washer/dryer, off street parking with plug in stations for vehicles, grilling patio area & outdoor clothes line.

Utilities: Wall AC in each apartment. Units are heated by electric baseboard heat with separate meters for each apartment. Tenants pay their own electric. Owner provides: city water and sewer, garbage pick-up, snow removal, soft water, appliances electric heat in hallways and laundry room.

Listing Agent: Deb Fischer 507-240-0546

Broker: Matt Mages 507-276-7002; Larry Mages 507-240-0030

Realtors: Joe Maidl 507-276-7749; Deb Fischer 507-240-0546

Ed Mages 507-276-2976; Lynn Lodes 507-276-7039