For Sale: East Bethel MLS# 6698105
Active Contingent
$1,217,268
Commercial: Other
Built 1996
1.55 acres
St. Francis schools
MLS# 6698105
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Property Description
Zero Landlord responsibilities on this true triple net (NNN) investment property. Tenant has been in the property since 2020. There are approximately 10 years left of the original 15 year base term. A great recession resistant investment in the early education sector. Tenant is a 6-unit operator. Roof replaced in 2024.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$1,217,268
Property Type:
Commercial
City:
East Bethel
Garage Spaces:
0
County:
Anoka
Year Built:
1996
State:
MN
Property Style:
Other
Zip Code:
55011
Subdivision Name:
Linges East Bethel Center
Exterior
Garage Spaces:
0
Other Parking Spaces:
29
Foundation Size:
6,011 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Open
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
1.55
Geolocation:
45.359123, -93.235563
Inclusions:
Land, Leases
Lot Dimensions:
1 x 1 x 1 x 1
Zoning:
Business/Commercial
Schools
School District:
15
District Phone:
763-753-7040
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$15,170
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$15,170
Income
Annual Gross Income:
$94,338
Rent
Annual Net Income:
$94,338
Units
Total Units:
1
Miscellaneous
Current Use:
Commercial
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
Septic System Compliant - Yes
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Entheos Commercial Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.