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ORION REAL ESTATE
 
630 1st Street South
Waite Park, MN 56387
320-251-1177  

    income property
TYPE:  Residential 12 Unit Apartment Building
ADDRESS:  1120 Porter Street, Clearwater, MN 55320
LAND AREA:  42,066 Square Feet   
FINISHED AREA:  10,944 Square Feet

AGE:   Built 1971
UTILITIES:  City Water & Sewer
GARAGES:  12 Detached
AIR CONDITIONING:  Wall Units  
UNIT RENTS: 12 - 2 BR @$525
REAL ESTATE TAXES:  2007 Tax $8,070

GROSS INCOME:  2007 Annualized Gross Income - $75,986
NET INCOME:  2007 Annualized Net Income - $41,163

PRICE:  $550,000            TERMS:   Cash, Contract for Deed

FEATURES:   This property is in good condition with brick exterior and on-site laundry.  Tenants pay heat and electric. Priced to sell.

CALL JOHN GUSTAFSON FOR DETAILS
(612)219-1209

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.