The property has 26 one-bedroom and five two-bedroom units. The building, which is being foreclosed on, had an occupancy rate of 45% in November, the mostrecent month available.
The property is projected to generate about $134,052 in annual income and has annual expenses of $105,265, according to the bid kit on the property.
Bids must be presented by 11 a.m. March 29 at the Murray County Sheriff's Department at 2558 29th St. in Slayton, MN.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.