706 N 8th Street, Saint Peter, MN 56082

Overview

Description

Triplex near North Elementary. Two upper units each have 2 bedrooms, 1 bath, hardwood floors, central air, private unfinished basement for storage / laundry with washer and dryer in both, 2 entrances and shared deck. Lower level has 1 bedroom, 1 bath and wall a/c unit, long-term tenant. New roof and gutters installed in 2026, both central air units (2022 and 2024), windows (2021). Equipped with 3 water heaters, 3 furnaces, and separate gas and electric meters (upgraded to circuit breakers 2020). Recent updates and leases in place make this a turnkey investment with upside income potential.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1958
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1552
Above Ground SqFt: 1552
Below Grd Total SqFt: 1552
Total SqFt: 3104
Foundation Size: 1552
Style: (MF) Triplex
Total Finished Sqft: 2224.00
Lot Dimensions: 70x132
Acres: 0.19
Assessment Pending: No

Property Features

Accessible: None Basement: Concrete Block; Full; Partially Finished; Sump Pump Construction Materials: Frame Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lock Box Type: Supra Owner Pays: Insurance; Lawn; Maintenance/Repair Road Frontage: City Street; Paved Streets Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: One Tenant Pays: Electricity; Gas Unit 1 Amenities: Deck; Hardwood Floors; Kitchen Window; Washer/Dryer Hookup Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Cooling: Central Unit 2 Amenities: Deck; Hardwood Floors; Kitchen Window; Washer/Dryer Hookup Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Cooling: Central Unit 3 Appliances: Range; Refrigerator Unit 3 Cooling: Wall Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 334900
ListPrice: 334900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 706
Street Direction Prefix: N
Street Name: 8th
Street Suffix: Street
Postal City: Saint Peter
County: Nicollet
State: MN
Zip Code: 56082
Complex/Dev/Subdivision: Skaro & Evensons Add

Assessments

Tax With Assessments: 4938

Building Information

Finished SqFt Above Ground: 1552
Finished SqFt Below Ground: 672

More Information

Income and Expenses

Annual Gross Income: 32340
Annual Insurance Expense: 2565
Annual Water/Sewer Expense: 1068

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: RASM

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Lease Expiration Date: 2027-06-30
Leased?: Yes
Unit Number: Yes
Annual Rent: 11940
Finished SqFt: 1216
Full Baths: Yes
Monthly Rent: 995
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2028-04-30
Leased?: Yes
Unit Number: 2
Annual Rent: 11400
Finished SqFt: 1216
Full Baths: Yes
Monthly Rent: 950
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Lease Expiration Date: 2027-04-30
Leased?: Yes
Unit Number: 3
3/4 Baths: Yes
Annual Rent: 9000
Finished SqFt: 672
Monthly Rent: 750
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 3

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