Zip Code
508 Broadway Ave N, New Richland, MN 56072
3 beds · 1 bath · 749 sq ft · Lot: 9,714 sq ft · Single Family Home · Last Sold: $70K in 2020 · Built: 1903
Est. Rent:
$1.9K/month

508 Broadway Ave N New Richland, MN 56072

3 beds · 1 bath · 749 sq ft · Lot Size: 9,714 sq ft · Single Family Home

Owned for Less Than 5 Years

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508 Broadway Ave N is in the 56072 neighborhood of New Richland, MN. It is located in Waseca County and ZIP code 56072. This Single Family Home was built in 1903 and is approximately 122 years old. The single family home spans 749 sq ft with 3 bedrooms and 1 bathroom and sits on a 9714 sq ft lot. According to public records, it was last sold in 2020 for $70,000 and has a tax-assessed value of $92,100. Analyze and compare real estate investment strategies for properties like this home at 508 Broadway Ave N New Richland, MN 56072 with Property Intel by Whitepages.

Investment Potential for 508 Broadway Ave N

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Long-Term

Gross Rental
$22,800 per year($1,900 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
—
Occupancy Rate
87%in 56072 zip code
 
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Owners & Occupancy for 508 Broadway Ave N

No contact information is available.

Occupancy

Resident 1******************* age 61

Property Details for 508 Broadway Ave N

Property Details

Property Sq Ft

Living Area

749 sq ft

55% below market

Lot Size

9,714 sq ft

48% below market

Property condition, age, exterior, etc. for 508 Broadw…
Longitude: -93.494314 Latitude: 43.898679 Parcel Number (APN): 15.100.1680…
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Market Benchmarks

Compare data for 508 Broadway Ave N in Waseca County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
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—
—
—
—
—
YoY Price Change
—
—
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Year Built
1903
1972
-69 years
Living Space
749 sq ft
1,644 sq ft
-895 (-54%)
$ Per Living Sq Ft
—
—
—
Lot Size
9,714 sq ft
11,705 sq ft
-1991 (-17%)
$ Per Lot Sq Ft
—
—
—

Net Operating Income
$*****
$18,922
-$270 (-1%)
Annual Revenue
$22,800
$28,200
-$5,400 (-19%)
$****
$9,056
-$4,908 (-54%)
Net Operating Income
$*****
$18,922
-$270 (-1%)
Cap Rate
—
—
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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