Home › 905 E 5th Street, Blue Earth, MN 56013 (MLS# 7015348)

905 E 5th Street, Blue Earth, MN 56013 (MLS# 7015348)

$419,900
905 E 5th Street
Blue Earth, MN 56013
MLS# 7015348

905 E 5th Street, Blue Earth, MN 56013
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Property Description
The Oaks Apartments are located in an "Opportunity Zone." The Oaks offers a 9.1 Cap Rate, a 5.4 GRM, 10% Cash on Cash 1st year with a 1.25 DSCR loan at a 51% operating expense ratio. There are eleven units with a mix of two studio, three one bedroom, five two bedroom, and one three bedroom apartments. The units are well maintained with all repair and maintenance issues addressed promptly and professionally. The Oaks Apartments offers a low vacancy and turn over rate. There are a few legacy tenants. There is plenty of parking for residents and guests. The coin operated washer and dryer on site are owned by the seller and included in the sale. Low maintenance vinyl and stone exterior with a metal roof. The Oaks runs like a well oiled machine!

Details
Maps
Contract Information
Status: Active
Current Price: 419900
Contingency: None
ListPrice: 419900
List Date: 2026-02-02
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Waterfront Present: No
Year Built: 1955
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 6531
For Sale or Lease: For Sale
Acres: 0.6
Lot Dimensions: 145x180
Assessment Pending: No
Location Tax and Other Information
House Number: 905
Street Direction Prefix: E
Street Name: 5th
Street Suffix: Street
Postal City: Blue Earth
County: Faribault
State: MN
Zip Code: 56013
Complex/Dev/Subdivision: Blue Earth
Assessments
Tax With Assessments: 5812
Building Information
Building Finished SqFt: 6531
Building SqFt: 6531
Income and Expenses
Annual Caretaker Expense: 8300
Annual Electric Expense: 1172
Annual Fuel Expense: 2921
Annual Gross Expenses: 45393
Annual Gross Income: 80313
Annual Insurance Expense: 4174
Annual Maintenance Expense: 4000
Annual Net Income: 34884
Annual Repair Expense: 3000
Annual Trash Expense: 2958
Annual Water/Sewer Expense: 7700
Total Annual Expenses: 39581
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land, Leases
Unit 1
No. of 1 Bedroom Units: 3
Unit 2
No. of 2 Bedroom Units: 5
Unit 3
No. of 3 Bedroom Units: 1
Unit Details
Total Units: 11
Unit Information
No. of Efficiency Units: 2
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Vinyl
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Lock Box Type: None
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Owner Pays: Exterior Maintenance; Grounds Care; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Repairs; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Tenant Pays: Broadband; Cable TV; Electricity; Gas; Telephone
Water: City Water/Connected

Listing Office: RE/MAX Results

Last Updated: May - 27 - 2026

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.

Sunday 31st of May 2026 03:18 PM

218-998-4400

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