408 Sunshine Street Spring Valley, MN ^$ 100,000

408 Sunshine Street

^$ 100,000

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Recently Listed

408 Sunshine Street

Spring Valley, MN, 55975

^$ 100,000

Studio Baths0.0 Sq 4,200

Monthly Estimate*

^$ 665

408 Sunshine Street, Spring Valley, MN 55975 - Image 1

408 Sunshine Street, Spring Valley, MN 55975 - Image 2

408 Sunshine Street, Spring Valley, MN 55975 - Image 3

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408 Sunshine Street, Spring Valley, MN 55975 - Image 9

Studio

Commercial Property for sale in Spring Valley, MN

for $100,000. This 4,200 square foot building was built in 1948.

Former motel now has 5 apartments units. 1 one bedroom 1 bath, 3 efficiency apts, and 1 unit with attached double garage, 1 two bedroom 2 bath unit w/separate laundry. Shared coin operated laundry. One bdrm apartments rent for $450 per month and the 2 bdrm rents for $600 per month. Units do need some updating. Rental units are 30 day notice. Excellent rental income and long term tenants.

Commercial Active

Price

^$ 100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,928

Style

Apartment

Year Built

1948

Town/City

Spring Valley

County/Region

Fillmore

MLS | Web ID

6550775

Features

General

Sewer City Sewer/Connected

Heating Baseboard

Cooling Window Unit(s)

Utilities Electric Common

Roof Age Over 8 Years

Appliances Range Refrigerator

Garage Spaces 2

Construction Materials Slate Vinyl Siding

Year Built 1948

Tenant Pays All Utilities Cable TV Electricity

Levels One

Property SubType Apartment

Tax Year 2024

Current Use Other

Gross Income 28800

Accessibility No Stairs External No Stairs Internal

County Fillmore

Net Operating Income 20440

Property Type Commercial Sale

Association Amenities Coin-op Laundry Owned

Contingency Inspection

Subdivision Name Added To Smiths 2nd Add

Possible Use Other Investment

Directions North Broadway Ave and west on Sunshine Street - old motel unit now rental income

City Spring Valley

Buyer Agent Compensation 3.00

High School District Kingsland

Zoning Description Business/Commercial

NumberOfUnitsTotal 5

Land Lease Y/N N

Tax Annual Amount 1928

Electric Expense 1560

Water Sewer Expense 1800

Additional Parcels Y/N N

Days on Market 10

Standard Status Active

Lender Owned No

Amenities Unit Ceiling Fan(s) Main Floor Primary Bedroom

Buyer Agent Compensation Type %

Interior

Basement Partial Unfinished

Basement (Y/N) Y

Foundation Dimensions 12x350

Fuel Electric

Garage Dimensions 24x24

Garage Square Feet 576

Exterior

Parking Features Attached Garage Asphalt Guest Parking Unassigned

Lot Features Irregular Lot

Water Source City Water/Connected

Inclusions Building Land Rental License

Lot Size Area 0

Building Area Total 4200

Lot Dimensions TBD

Foundation Area 4200

Road Frontage Type City Street No Outlet/Dead End Street Lights

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 408

* Excluded Features

List By

Property Brokers Of Minnesota

Broker

brenda@brendasheldon.com

Affordability Calculator

$825

Per Month

Monthly Principal & Interest: $665
Monthly Property Taxes: $161
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Spring Valley, MN

Average List Price ^$223,333

Percent of Sale Price 123%

About Spring Valley, MN

2,413 Population

-5% Since 2002

^$48,533 Median Income

41.37 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2485350 Elementary School

2485372 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/12/2024	$100,000		Listed Price

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408 Sunshine Street, Spring Valley, MN, 55975 is a Commercial Property for sale at $100,000 with 4,200 sqft. 408 Sunshine Street is a studio with 0.0 baths and was built in 1948. The property's zip code is 55975 which is in Spring Valley, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/26/2024.

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408 Sunshine Street

Commercial Property for sale in Spring Valley, MN

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