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For Sale:  Montgomery MLS# 7065550

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Active
$424,900
/mo Edit
Commercial:  Other
6 br • 6 ba • Built 1900
0.164 acres
Tri-City United schools
MLS# 7065550
763-576-8286
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    Property Description

    Located in the heart of Montgomery, this versatile mixed-use property at 300 1st Street South offers a rare opportunity for both investors and owner-occupants alike. The building features five residential units, including two 2-bedroom units, two 1-bedroom units, and one studio. In addition, the property boasts a spacious commercial unit, ideal for a business owner or additional income stream. A detached garage adds further value and functionality for tenants or storage. Recent updates enhance both the appeal and long-term value of the property, including fresh paint and new flooring throughout two of the residential units, and a new water heater, making this a turnkey opportunity with key improvements already completed. Whether you're looking to expand your portfolio or secure a property with multiple income streams, this well-maintained building within driving distance to the twin cities offers flexibility, updates, and solid investment potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $424,900
    Property Type: Commercial
    City: Montgomery
    Garage Spaces: 1
    County: Le Sueur
    Year Built: 1900
    State: MN
    Property Style: Other
    Zip Code: 56069
    Subdivision Name: City Of Montgomery

    Interior

    Bedrooms: 6
    Bathrooms: 6
    Flooring: Luxury Vinyl Plank, Wood
    Refrigerators: One Per Unit
    Appliances Included:
    • Disposal
    • Exhaust Fan
    • Gas Water Heater
    • Range
    • Refrigerator
    • Water Softener Owned

    Exterior

    Garage Spaces: 1
    Garage Size: 500 ft2
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,696 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Attached Garage
    • Paved Lot
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.164
    Geolocation: 44.436483, -93.58151
    Inclusions: Building
    Lot Dimensions: 134 x 53
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Farm

    Topography: Level

    Schools

    School District: 2905
    District Phone: 5073648100

    Expenses

    Annual Electric Expense: $2,880
    Annual Fuel Expense: $2,676
    Annual Insurance Expense: $6,000
    Annual Trash Expense: $2,040
    Annual Water/Sewer Expense: $4,020

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $6,356
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,356

    Income

    Annual Gross Income: $58,320

    Units

    Total Units: 6

    Miscellaneous

    Current Use:
    • Residential
    • Retail
    Fuel System:
    • Electric
    • Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of LPT Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.