Calling all entrepreneurs and investors! Don't miss out on making your mark on history by owning part of Minot's downtown! 107 South Main was constructed in 1916 and is rich in history. It currently is home to Lien's Jewelry - a long term tenant (almost 30 years!) as well as EIGHT apartments! The retail storefront is an impressive 2733 square feet on the main floor with a bonus loft area as well as unfinished basement for additional storage. Lien's Jewelry has a lease in place and no intentions of vacating the building - this is terrific for stable cash flow! The apartment complex is on the second and third stories of the building and has controlled access. The second level apartments feature THREE one bedroom units and ONE two bedroom unit as well as coin operated laundry. Moving up to the third level, you'll find an additional FOUR one bedroom apartments. Each apartment features interior upgrades throughout the years, high ceilings with extra "loft spaces" and the sought after downtown vibe! Residential rent averaging $3655 per month and commercial rent at $2640 make this an appealing property for both a new or seasoned investor.
| Price | $439,900 |
|---|---|
| Bedrooms | 9 Beds |
| Year Built | 1916 |
| Property Type | Multi-Family |
| Listing # | 240481 |
| Status | Pending |
| Listing Type | For Sale |
| Heating and Cooling | Electric, Hot Water |
|---|
| Foundation | Concrete |
|---|---|
| Lot Size | 0.08 acres |
| MLS Area | SE |
|---|---|
| Garage Spaces | 0 |
Courtesy of Delrae Zimmerman, Brokers 12, Inc.
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Estimated taxes and insurance are not included. Sales price from MLS. Mortgage calculator source: NextHome, Inc.
