26370 County 7 Boulevard Welch Twp, MN $ 759,999
26370 County 7 Boulevard
$ 759,999
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26370 County 7 Boulevard

Welch Twp, MN, 55089
$ 759,999
Baths0.0 Sq 4,000

Monthly Estimate*

$ 5,309

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Studio Commercial Property for sale in Welch Twp, MN for $759,999. This 4,000 square foot building was built in 1920 on a lot size of 0.15.

Whether you're adding to or just starting your real estate portfolio this a versatile addition. The building has 3 long term rental units upstairs and 3 fully furnished short term rental units on the main level. The STR units have been approved by the township and the county and have brought many people to stay and enjoy all Welch has to offer. The skiing, hiking, biking, tubing, canoeing/kayaking, hunting, snowmobiling, trail riding and sight seeing. Very close proximity to Welch Mill Tubing, Cannon Valley Trial and Welch Village Ski Area. In addition to STR they also make great mid term rentals for seasonal workers and can be rented long term. The building underwent a complete transformation in 2021 full of updates on 5 of the 6 units. Units 1,2,3,6 all have been completely updated with new flooring, forced air hvac, kitchen cabinets with quartz countertops, stainless steel appliances, bathroom, plumbing, electrical, trim and solid core doors. Each unit has fiber internet.

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Commercial Active

Price

$ 759,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,994

Style

Apartment

Lot Size

0.15

Year Built

1920

Town/City

Welch Twp

County/Region

GOODHUE

MLS | Web ID

6464578

Features
General
Sewer City Sewer/Connected
Heating Baseboard Boiler Forced Air
Cooling Central Air
Utilities Electric Separate Hot Water Common
Roof Rubber
Appliances Dishwasher Dryer ENERGY STAR Qualified Appliances Fuel Tank - Rented Microwave Range Refrigerator Stainless Steel Appliances Washer
Garage Spaces 0
Construction Materials Brick Veneer Vinyl Siding
Year Built 1920
Tenant Pays Electricity
View River South
Topography Level
Levels Two
Property SubType Apartment
Tax Year 2023
Current Use Bed & Breakfast Hotel/Motel Residential Resort
Gross Income 84000
Waterfront Features River View
Accessibility Doors 36 + No Stairs External No Stairs Internal Partially Wheelchair
County Goodhue
Net Operating Income 49000
Insurance Expense 3000
Property Type Commercial Sale
Association Amenities Patio
Contingency None
Possible Use Investment Motel/Hotel
Directions east on hwy 61 to south on county blvd 7
City Welch Twp
Buyer Agent Compensation 2.50
Body of Water Cannon River
High School District Red Wing
Zoning Description Residential-Multi-Family
Total Units 6
Waterfront Y/N N
Street Name County 7
Land Lease Y/N N
Tax Annual Amount 2994
Electric Expense 3600
Fuel Expense 3000
Trash Expense 1400
Water Sewer Expense 3600
Additional Parcels Y/N N
Days on Market 54
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Concrete Storage Space
Basement (Y/N) Y
Street Suffix Boulevard
Ceiling Height 11-15
Foundation Dimensions 45x50
Fuel Electric Propane
Lake Acres 0
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Exterior
Parking Features Concrete
Lot Features Corner Lot
Water Source Well
Inclusions Business Fixture/Equipment Leases
Lot Size Area 0.15
Building Area Total 4000
Lot Dimensions 70x80
Lot Size Units Acres
Foundation Area 2250
Road Frontage Type County Road Township
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 26370
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* Excluded Features
List By
Vibrant Realty

Broker

cassie@hcrevolutions.com

Email

Affordability Calculator

$5,558
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,309
Monthly Property Taxes
$250
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708690 Elementary School
708379 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2024$759,999 -3.66% Price Down
12/21/2023$788,888 Listed Price

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26370 County 7 Boulevard, Welch Twp, MN, 55089 is a Commercial Property for sale at $759,999 with 4,000 sqft and a lot size of 0.15. 26370 County 7 Boulevard is a studio with 0.0 baths and was built in 1920. The property's zip code is 55089 which is in Welch Twp, MN