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18 NE Schmitz Street

Adams, MN 55909
  • $449,900
  • STATUS: Active
  • ON SITE: 124 Days
  • ID#: 7006896
UPDATED: 57 min ago
$449,900
  • 14
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,411
    SQFT
  • $70
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1979
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Compass.

Description

Well-maintained 8-unit apartment building located in Adams. The property features a balanced unit mix of six 2-bedroom units and two 1-bedroom units. The building is configured with two separate coin-operated laundry rooms, one serving each section of the property. Electric utilities are separately metered, and electric heat is provided, allowing residents to manage their own utility usage. The property currently operates with on-site management, which is available to remain in place or may transition at the discretion of new ownership. Existing leases allow for 30-day notice to vacate following a change in ownership, offering operational flexibility.

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IDX data © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than V&CO | Keller Williams Integrity Edina are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. V&CO | Keller Williams Integrity Edina is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of V&CO | Keller Williams Integrity Edina, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2026-05-16T18:21:43.63.

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18 NE Schmitz Street Adams, MN 55909

  • Price: $449,900
  • Status: Active
  • On Site: 124 Days
  • Updated: 57 min ago
  • ID#: 7006896
14
Beds
0
Baths
0
½ Baths
0.7
Acres
6,411
SQFT
$70
$/SQFT
1979
Built
Neighborhood:
Mays 1st Add
County:
Mower
School District:
500 - Southland
Property Description
Well-maintained 8-unit apartment building located in Adams. The property features a balanced unit mix of six 2-bedroom units and two 1-bedroom units. The building is configured with two separate coin-operated laundry rooms, one serving each section of the property. Electric utilities are separately metered, and electric heat is provided, allowing residents to manage their own utility usage. The property currently operates with on-site management, which is available to remain in place or may transition at the discretion of new ownership. Existing leases allow for 30-day notice to vacate following a change in ownership, offering operational flexibility.
Exterior Features

Foundation Area 3072 Levels Two Lot Size Dimensions 180x170 Parking Features Gravel Roof Asphalt

Interior Features

Appliances RangeRefrigerator Cooling Wall Unit(s) Heating Baseboard

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending No Contingency None Current Use Residential Electric Expense 500 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Fuel Expense 500 Gross Income 60300 Inclusions BuildingLeases Land Lease YN No Lender Owned No Maintenance Expense 1025 Manager Expense 2400 Net Operating Income 50400 New Construction YN No Operating Expense 9900 Postal City Adams Potential Short Sale No Present Use Yearly Road Responsibility Public Maintained Road Sewer City Sewer - In Street Tax Annual Amount 6856 Tax With Assessments 6856 Tax Year 2026 Tenant Pays ElectricityHeat Trash Expense 5000 Utilities Electric SeparateHeating SeparateHot Water Common Water Sewer Expense 1500 Water Source City Water - In Street Zoning Description Business/CommercialResidential-Multi-Family

NorthstarMLS] logo © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Compass: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than V&CO | Keller Williams Integrity Edina are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. V&CO | Keller Williams Integrity Edina is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of V&CO | Keller Williams Integrity Edina, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2026-05-16T18:21:43.63.

Click here for Digital Millennium Copyright Act
 
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V&CO | Keller Williams Integrity Edina
7401 Metro Blvd. #350
Edina MN, 55439
NorthstarMLS] logo Listing courtesy of Compass.