209 S Minnesota ST new Save Request In-Person Tour Request Virtual Tour
New Ulm,MN 56073
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision South Of Center
MLS Listing ID 6820873
Year Built 1947
Annual Tax Amount $6,054
Tax Year 2025
Lot Size 8,276 Sqft
Property Sub-Type Apartment
Property Description
Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue.
Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations.
Priced to reflect the work needed, this property is an ideal value-add opportunity.
Location
State MN
County Brown
Zoning Business/Commercial
Interior
Heating Baseboard,Hot Water,Other,Radiator(s),Steam
Cooling Wall Unit(s),Window Unit(s)
Inclusions Building,Leases
Exterior
Parking Features On-Street Parking Only,Unassigned
Utilities Available Electric Separate,Heating Common,Hot Water Separate
Roof Type Age Over 8 Years,Flat
Building
Story Two
Foundation 4750
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District New Ulm