RENTAL INCOME - Retail Beauty Salon, with nice 3 bedroom apartment on second floor

MLS# 134255 — Main floor has a large front area plus 3 private offices and a conference room with kitchen area in the back.


$119,900
420 E Sheridan Street
Ely, MN 55731

2456 sq. feet

Property Location

Description

RENTAL INCOME - Retail Beauty Salon, with nice 3 bedroom apartment on second floor. Main floor has a large front area plus 3 private offices and a conference room with kitchen area in the back. New Heating system with propane furnace January 2014. All flooring, windows, siding, and wiring replaced since 2008. Current tenants leases must be honored to the extent of the law. Main floor lease is in place until November 1, 2021 with incremental increases. Possible Contract for Deed with $35,000 down @ 6% interest. New metal roof on main section of the building installed August of 2016. Owner/Agent

LISTING COURTESY Wildwoods Land Company

Structure Details

Year Built 1925
Lower Level Sq. Ft. 998
Upper Level Sq. Ft. 1228
Total Finished Sq. Ft. 2456

Lot Details

Lot Length? 125
Lot Width 25
Irregular Lot Size? No

Legal & Utilities Details

Parcel Code 030-0370-01090 Lookup
MLS # 134255

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