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304/314 6th St SW

304/314 6th St SW

304 / 314 6th St. SW  /

Property Details

Price: $ 770,000
Property Type Multifamily
Total Lot Size: 0.67 Acres
Year Built: 1989
Number of Units: 16
Garages: 16
County: Watonwan


These 16 units are situated in a beautiful area of Madelia! Each building consists of 8 units. There are 2 three bedroom units with 900 square feet, 5 two bedroom units with 695 square feet, and 1 one bedroom unit with 565 square feet per building. Each building has storage closets for owners use, as well as a utility room, and a laundry room with 2 washers and 2 dryers (owned). Original Hydrotherm hot water boilers, two State Select 40 gallon hot water heaters in each building new in 2013, new Honeywell zone valves in 304 building, with mix of old and new in the 314 building, circuit breakers in each unit, through-wall air conditioners, textured walls, tile surrounds in baths, and a mixture of carpet, vinyl, and laminate floors. All common areas have new carpet installed in September. Brick and steel siding with newer pitched shingled roofs (2009). Original windows. Ample parking with electrical power metered to each unit. A beautiful grill-deck available for tenants enjoyment and a shed for owner's storage.


Madelia, MN is a vibrant community located in southwestern Minnesota. Originally incorporated in 1857 and named for the daughter of one of the original settlers, Madelia has a population of nearly 2,300 residents. The Madelia Community Schools service approximately 650 students in Kindergarten through the 12th grade. The district maintains two buildings - a K-6 elementary school and a 7-12 junior-senior high school. Madelia offers several different places of recreation. Watona Park offers a full service campground, several playgrounds and shelters, two baseball fields, one softball field, and the 9 hole Madelia golf course. Near Watona park are several basketball and tennis courts, as well as the outdoor Madelia Swimming Pool.


100% market rate
Two 8 unit buildings
Ample off-street parking with electric metered to each unit
New common area carpet in both buildings in September
Brick and steel siding
New shingled roofs in 2009
All new hot water heaters in 2013
Electric stoves
Through wall air conditioners
Circuit breakers in each unit
New Honeywell zone valves for more than half of the units
Fire alarm system
Cable ready in each unit
Just 23 miles from Mankato
Close to park and public swimming pool


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