$490,000
$480,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
409 Elm Ave Waverly, MN 55390
4,791 Sqft Lot
Key Details
Sold Price $490,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Original Waverly
MLS Listing ID 6789416
Sold Date 12/17/25
Year Built 1928
Annual Tax Amount $3,906
Tax Year 2024
Contingent None
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 3833
Property Description
Solid investment opportunity with this 6-unit apartment building in Waverly. The property is fully rented, producing $6,700 in monthly rent, and offers a strong, stable rental history. Units are well maintained, and recent updates include a roof with warranty and tuckpointed brick exterior.
Additional features include a shared coin-operated laundry room for tenant convenience and supplemental income. Photos of all units are included in the listing, and complete financials are provided in the supplements for buyer review.
The seller also owns the neighboring duplex and a mixed-use building with one apartment and a commercial space, for a total of 10 units all next door to each other. Preference is to sell as a package, though individual sales will be considered.
Location
State MN
County Wright
Zoning Residential-Multi-Family
Interior
Heating Baseboard, Forced Air
Fireplace No
Exterior
Parking Features Gravel
Utilities Available Electric Separate
Present Use Residential
Building
Foundation 4536
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Howard Lake-Waverly-Winsted
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP