For Sale
$442,500

717 Cedar AveOwatonna, MN 55060

Historic Charm, Excellent Cash Flow

Overview

Added:
Feb 3
Days on market:
65
This exceptional 7-unit apartment building, located at 717 S Cedar Avenue in the heart of Owatonna, Minnesota, presents a compelling investment opportunity. The property boasts a total of 4,792 square feet and sits on a 0.46-acre lot. This income-producing asset offers a blend of historic character and modern updates, minimizing maintenance requirements while maximizing rental income. Recent improvements include a new roof, energy-efficient windows, and fresh paint throughout, ensuring both durability and aesthetic appeal. The building's unique architectural details retain its historic charm, while the upgrades enhance functionality and tenant desirability. This property is ideally suited for investors seeking a low-maintenance, high-return investment in a thriving community. The strategic location in the heart of Owatonna provides easy access to local amenities, businesses, and transportation. The asking price for this turnkey investment is $442,500. This represents a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. The combination of historic character, modern updates, and strong rental potential makes this a truly exceptional investment. Serious inquiries are encouraged.

Property Details for 717 Cedar Ave

Property type
Apartment buildings
Square Feet
4,792 SF
Year Built
1893
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Owatonna
County
Steele
State
Minnesota
Latitude
44.07781
Longitude
-93.2255
717 Cedar Ave, Owatonna, Minnesota

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717 Cedar Ave
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