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400 1st Avenue SW
Chisholm, MN 55719
Asking Price
$3.15M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 20 Units <ul><li>Fully remodeled interiors</li><li>Historic architecture</li><li>Large former-classroom floor plans</li><li>Limited supply of comparable units</li><li>Convenient access to Hibbing, Virginia, Eveleth, and Mountain Iron employment centers</li><li>Within 15 Miles of Hibbing</li><li>25,000+ residents</li><li>Major mining operations</li><li>Fairview Range Medical Center</li><li>Essentia Health facilities</li><li>ISD 695 Chisholm Schools</li><li>Government and municipal employment</
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NOI
$80,000
Cap Rate
2.54%
DSCR
0.43
Underwater
Cash-on-Cash
-11.32%
Monthly Payment
$15,584.481
Annual Cash Flow
$-107,013.776