1806 Lincoln Ave

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1806 Lincoln Ave

Montevideo, MN 56265
Asking Price
$450K
Asset Type
Multifamily
Class
Class B

What's Special

1806 Lincoln Avenue is situated in a residential area of Montevideo, Minnesota, positioned near the intersection of Highway 7 and Highway 59. The property offers proximity to local amenities along the main commercial corridors, including retail centers, grocery stores, and dining options. Regional transportation is supported by easy access to these major highways, connecting the site to neighboring communities and the greater Chippewa County area. The surrounding neighborhood is characterized by a mix of established single-family homes and smaller apartment complexes, providing a quiet, community-focused environment. The asset is structured for multifamily residential use, suited for long-term rental housing. Given the location near local employment hubs in the manufacturing and healthcare sectors, the property typically attracts a tenant profile consisting of local workforce members, small families, or individuals seeking proximity to Montevideo’s primary services. The site serves as a functional residential option for those requiring reliable access to the city’s schools and public parks. The layout is optimized for sustained occupancy within the regional housing market, catering to the steady demand for rental units in rural Minnesota.

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NOI
$80,000
Cap Rate
17.78%
DSCR
3.00
Strong
Cash-on-Cash
39.48%
Monthly Payment
$2,225.86
Annual Cash Flow
$53,289.683

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