Home › , Montgomery, MN 56069 (MLS# 7065550)

, Montgomery, MN 56069 (MLS# 7065550)

$374,900
Montgomery, MN 56069
MLS# 7065550
Status: Pending
6 beds  |  6 baths
Building Front - Central Montgomery Location!
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Building Front - Central Montgomery Location! Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069 Montgomery, MN 56069

Property Description
9.2% CAP Rate! Fully Occupied. Located in the heart of Montgomery, this versatile mixed-use property at 300 1st Street South offers a rare opportunity for both investors and owner-occupants alike. The building features five residential units, including two 2-bedroom units, two 1-bedroom units, and one studio. In addition, the property boasts a spacious commercial unit, ideal for a business owner or additional income stream. A detached garage adds further value and functionality for tenants or storage. Recent updates enhance both the appeal and long-term value of the property, including fresh paint and new flooring throughout two of the residential units, and a new water heater, making this a turnkey opportunity with key improvements already completed. Whether you're looking to expand your portfolio or secure a property with multiple income streams, this well-maintained building within driving distance to the twin cities offers flexibility, updates, and solid investment potential.

Details
Contract Information
Status: Pending
Off Market Date: 2026-07-01
Current Price: 374900
Contingency: None
ListPrice: 374900
List Date: 2026-05-06
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Bedrooms: 6
Baths Total: 6
Foundation Size: 2696
Garage Stalls: 1
For Sale or Lease: For Sale
Acres: 0.16
Lot Dimensions: 134x53
Assessment Pending: No
Location Tax and Other Information
Postal City: Montgomery
County: Le Sueur
State: MN
Zip Code: 56069
Complex/Dev/Subdivision: City Of Montgomery
Assessments
Tax With Assessments: 6356
Building Information
Building Finished SqFt: 5000
Income and Expenses
Annual Electric Expense: 2880
Annual Fuel Expense: 2676
Annual Gross Income: 58320
Annual Insurance Expense: 6000
Annual Trash Expense: 2040
Annual Water/Sewer Expense: 4020
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 500
Sale Options
Sale Includes: Building
Unit 1
Unit Number: 1
Monthly Rent: 950
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Level: 2nd Level
Leased?: Yes
Lease Expiration Date: 2026-12-31
No. of 1 Bedroom Units: 2
Unit 2
No. of 2 Bedroom Units: 2
Full Baths: 1
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1025
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 2
Unit 3
Full Baths: 1
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 680
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 3
Unit 4
Full Baths: 1
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 4
Unit 5
Full Baths: 1
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 805
Total Bathrooms: 1
Unit Number: 5
Unit 6
Half Baths: 1
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Unit Number: Retail
Unit Details
Total Units: 6
Unit Information
No. of Efficiency Units: 1
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Amenities Shared: Deck
Appliances: Disposal; Range; Refrigerator
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Residential; Retail
Exterior: Brick/Stone
Flooring: Luxury Vinyl Plank; Wood
Foundation: Stone
Fuel: Electric; Natural Gas
Heating: Baseboard; Forced Air
Internet Options: Cable; DSL; Fiber Optic
Loan Terms: Cash; Contract for Deed; Conventional; Other
Location Description: Downtown
Lock Box Type: Combo
Miscellaneous Information: Display Window
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Lawn; Lawn; Maintenance/Repair; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot
Roof: Age 8 Years or Less
Sewer: City Sewer/Connected
Topography: Level
Wall Description: Concrete/Block; Drywall
Water: City Water/Connected

Listing Office: LPT Realty, LLC

Last Updated: July - 01 - 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.

Thursday 2nd of July 2026 01:40 AM

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