For Sale: Le Sueur MLS# 7165470
Active
NEW!
$1,900,000
Commercial: Other
Built 1969
1.14 acres
Lesueur-Henderson schools
MLS# 7165470
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Property Description
Well-maintained three-story brick building in a quiet hilltop neighborhood with scenic views. Hillcrest Apartments offers 23 units on 1.14 acres in Le Sueur, on the U.S. Highway 169 corridor halfway between the Twin Cities and Mankato, about 10 minutes from St. Peter and Belle Plaine. Le Sueur is home to Cambria's corporate headquarters and served by Le Sueur-Henderson Public Schools. Eleven one-bedroom and twelve two-bedroom units, all with air conditioning. Newer 12-stall detached garage (2017) rented to residents, ample off-street parking, rentable storage, on-site laundry with two new washers. Heat included; residents pay only electricity and internet. 2026: new entrance awnings and lighting; parking lot patched and restriped. 2025: boiler tune-ups, new water heater, new laundry washers, shrubs removed and park replaced. 100% occupied with about $22, 200/yr of rent upside to market. Offered at $82, 609 per unit.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,900,000
Property Type:
Commercial
City:
Le Sueur
Garage Spaces:
12
County:
Le Sueur
Year Built:
1969
State:
MN
Property Style:
Other
Zip Code:
56058
Subdivision Name:
Quack & Bor Add
Interior
Basement Details:
None
Exterior
Stories:
Three Or More
Garage Spaces:
12
Air Conditioning:
Wall Unit(s)
Foundation Size:
5,281 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Detached Garage
- More Parking Onsite for Fee
- Parking Lot
Road Frontage:
City Street
Exterior Material:
Brick
Roof Details:
Flat
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.14
Geolocation:
44.466525, -93.906036
Inclusions:
Building, Business Assets
Lot Dimensions:
202.65 x 264
Zoning:
Residential-Multi-Family
Schools
School District:
2397
District Phone:
5076654600
Expenses
Annual Insurance Expense:
$10,500
Tenant Expenses:
Broadband, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$21,082
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$21,082
Income
Annual Gross Income:
$266,243
Rent
Annual Net Income:
$116,713
Units
Total Units:
23
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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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 RE/MAX Advantage Plus.
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.