104 S Lake Avenue
Silver Lake, MN 55381
MLS #4783697

Commercial
    $139,900
    Est. P&I payment: $534.32/mo
    104 S Lake Avenue, Silver Lake, MN 55381
    • 104 S Lake Avenue, Silver Lake, MN 55381 Photo 1
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    Description for 104 S Lake Avenue, Silver Lake, MN 55381
    Nice main street building that includes 2 upstair apartments and 3 retail/office space on the street level. This building has a nice cash flow and many possibilities. Many recent updates to the apartments!!! Great downtown location!!!
    MLS #4783697
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    My Notes for MLS #4783697

    General Features

    • Current Use: Professional Service,​Residential,​Commercial
    • Foreclosure Status: No
    • Year Built: 1915
    • Sale Includes: Building,​Land,​Fixture/Equipment
    • Total Number of Units: 5
    • Status: Active

    Exterior Features

    • Exterior: Brick/Stone
    • Parking Characteristics: Attached Garage,​Driveway - Gravel,​Garage Door Opener
    • Road Frontage: City,​Paved Streets,​Curbs,​Sidewalks
    • Lot Description: Corner Lot
    • Lot Dimensions: 47.1x132
    • Garage Stalls: 3
    • Other Parking Spaces: 5

    Interior Features

    • Building Finished Square: 2,975
    • Handicap Accessible: None
    • Basement: Partial
    • Roof: Flat
    • Number of 1 Bedroom Unit: 1
    • Number of 3 Bedroom Unit: 3
    • Number of Units 1: 1
    • Number of Units 2: 1
    • Number of Units 3: 1
    • Number of Units 4: 1
    • Number of Units 5: 1

    Utilities Features

    • Appliances: Range,​Refrigerator
    • Heating: Forced Air
    • Fuel: Natural Gas
    • Water: City Water/Connected
    • Number of Ranges: Two
    • Number of Refrigerators: Two
    • Sewer: City Sewer/Connected

    Financial Features

    • Annual Electric Expense: 800
    • Annual Fuel Expense: 1,000
    • Annual Insurance Expense: 1,000
    • Annual Gross Expense: 8,946
    • Total Annual Expenses: 8,946
    • Annual Trash Expense: 337
    • Annual Water/Sewer Expense: 400
    • Tenant Expenses: Electric,​Fuel
    • Unit 1 Monthly Rent: 650
    • Annual Rent 1: 7,800
    • Unit 2 Monthly Rent: 350
    • Annual Rent 2: 4,200
    • Unit 3 Monthly Rent: 300
    • Annual Rent 3: 3,600
    • Unit 4 Monthly Rent: 275
    • Annual Rent 4: 3,300
    • Unit 5 Monthly Rent: 140
    • Annual Rent 5: 1,680
    • Annual Net Income: 11,616
    • Tax Amount: 3,746
    • Tax With Assessments: 3,746
    • Tax Year: 2016
    • Annual Gross Income: 20,580

    Community Features

    • County: Mcleod
    • Municipality: Silver Lake
    • Postal City: Silver Lake (MN)

    School Features

    • School District: 2859 - Glencoe-Silver Lake
    • School District Phone: 320-864-2498

    Misc Features

    • Amenities - Unit: Natural Woodwork,​Kitchen Window,​Washer/Dryer Hookup
    • Foundation Size: 1,326
    • Zoning: Business/Commercial
    • Lender Owned: No
    • Potential Short Sale: No

    Location

     
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    Directions to 104 S Lake Avenue, Silver Lake, MN 55381
    hwy 7 to main to lake
    The listing information for 104 S Lake Avenue, Silver Lake, MN 55381 was graciously provided by our friends at the listing brokerage, Priority One-Metrowest Realty

    Get Financing for 104 S Lake Avenue, Silver Lake, MN 55381

    Waterstone Mortgage Corporation
    Josh Hennesy
    701 Washington Ave North Ste 525
    Minneapolis, MN 55401
    612.716.1187 Mobile
    612.234.4284 Fax
    Request Mortgage Information
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    P&I Payment $534.32
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    Last Updated 11/23/2017 at 8:52pm
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