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505 PKWY AVE S
LANESBORO, MN 55949-2814
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
100% leased <p><span style="color: rgba(8, 8, 9, 1)">This 10-unit apartment building, located in Lanesboro, Minnesota, has been completely renovated from its original use as a church. The property has undergone a full transformation, with all major systems and finishes replaced, resulting in a like-new condition throughout.</span></p><p><span style="color: rgba(8, 8, 9, 1)">The building includes three short-term rental units currently operating as Airbnb accommodations, offering additional income potential.
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547