$67,000
Newfolden, MN 56738
MLS# 6688881
Status: Closed
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Property Description
Investment opportunity awaits in the city of Newfolden. Have you been dreaming about getting started in a rental property? Look no further. This storage unit has all 14 units rented and there is ample space to grow on this one acre parcel.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2025-03-31
Current Price: $67,000
Closed Date: 2025-05-07
Sales Close Price: 67000
Contingency: None
ListPrice: 68000
List Date: 2025-03-20
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: No
Year Built: 2006
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 130 x 603 approx
Acres: 1.78
Foundation Size: 1680
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Listing City: Newfolden
Map Page: 999
Municipality: Newfolden
School District: Marshall County Central Schools
School District Phone: 218-874-8530
Zip Plus 4: 154
Property ID Number: 540004004
Tax Year: 2024
Tax Amount: 532
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Investment opportunity awaits in the city of Newfolden. Have you been dreaming about getting started in a rental property? Look no further. This storage unit has all 14 units rented and there is ample space to grow on this one acre parcel.
Directions: Storage is located behind New Hope Church on Iowa Ave in Newfolden
Accessible
No Stairs External: 1
No Stairs Internal: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 532
Basement
Foundation Dimensions: 24 x 70
Building Information
Building Finished SqFt: 1680
Building SqFt: 1680
Construction Status
Previously Owned: 1
Exterior
Steel Siding: 1
Financing Terms
Cash: 1
Fuel
Other: 1
Heating
None: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Irregular Lot: 1
Miscellaneous Information
Homestead: No
Owner Pays
Repairs: 1
Taxes: 1
Ownership
Fractional Ownership: No
Parking Characteristics
None: 1
Public Survey Info
Range#: 44
Section#: 5
Township#: 156
Roof
Metal: 1
Sale Options
Sale Includes: Building, Land
Sewer
None: 1
Stories
One: 1
Unit Details
Total Units: 14
Water
None: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
Tenant Pays
None: 1
On Site Utilities
Electric Common: 1
CMU Style
Business Opportunity: 1
Storage Unit: 1
Current Use
Storage Facility: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Free Standing: 1
Other/See Remarks: 1
Potential Use
Other: 1
Location Tax and Other Information
House Number: 159
Street Name: Iowa
Street Suffix: Avenue
Street Direction Suffix: W
Postal City: Newfolden
County: Marshall
State: MN
Zip Code: 56738
Complex/Dev/Subdivision: Newfolden
Property Features
Accessible: No Stairs External; No Stairs Internal
CMU Style: Business Opportunity; Storage Unit
Construction Status: Previously Owned
Current Use: Storage Facility
Exterior: Steel Siding
Financing Terms: Cash
Fuel: Other
Heating: None
Loan Terms: Cash; Conventional
Location Description: Free Standing; Other/See Remarks
Lot Description: Irregular Lot
On Site Utilities: Electric Common
Owner Pays: Repairs; Taxes
Parking Characteristics: None
Potential Use: Other
Roof: Metal
Sewer: None
Stories: One
Tenant Pays: None
Water: None
Listing Office: Hometown Realty
Last Updated: May - 20 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.