224 Main Street,Norwood Young America, MN 55397
Norwood Young America, MN 55397
Description
This property was built in 1911 with many recent improvements including a new roof in 2019 & all 6 units renovated in the last 3 years. One building features 6 two-bedroom apartments with the other building featuring one retail property, currently the laundromat is owned by the Landlord. The two-parcel offering includes ample Class IV gravel off-street parking in the rear of each respective building. Each unit is separately metered for gas and electric, making expenses relatively low for this investment. The residential building has new boilers (2025). The property has a strong rental history and is 100% occupied.The landlord has successfully renovated all units along with rent increases per year of 7%-10% since purchasing the building in 2020, making this acquisition a solid-performing asset in a growing community with little to no competition.
Details
| MLS # | 6699747 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 94 |
| Listing Provided By | Bridge Realty, LLC | Nishul Patel |
Features
| SQ Feet | 7,000 |
|---|---|
| Story(s) | 2 |
| Units | 7 |
| Zoning | Business/Commercial |
| Acreage | 0.14 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating | Baseboard, Radiator(s) |
| Appliances | Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances |
Exterior
| Roof | Age 8 Years or Less |
|---|---|
| Construction Materials | Vinyl Siding |
| Lot Features | Corner Lot, Some Trees, Underground Utilities, Zero Lot Line |
Parking
| Parking Features | Gravel, Guest Parking, Paved |
|---|
Utilities
| Utilities | Electric Separate, Heating Separate |
|---|
Taxes
| Property | 8768 |
|---|
Request a showing
Request a showing
Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of July 11, 2025 at 8:13:25 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | MN |
|---|---|
| County | Carver |
| City | Norwood Young America |
| Zip Code | 55397 |
| Community Name | City Lts Of Young America |
| School District | 108 |