Wildwood Apartments 215 S 5th St 5 Unit Apartment Building $1,326,124 CAD ($265,225 CAD/Unit) Montevideo, MN 56265

Welcome to a property with character and multi-dimensional opportunity. Like a diamond...beautiful from every side. A story to tell and value to appreciate! Approach this property from a variety of angles while savoring the story of one of the most historic homes in town. Built at the turn of the century, this home often served as a buzz of hospitality for political gatherings, hosting the likes of Hubert Humphrey and Eleanor Roosevelt. In the 30's, the 3rd story was added to rent rooms and mitigate effects of the depression. The rich woodwork and interior created the perfect ambience to host a wedding. The fireplace mantle still marks the spot where a candle burned a bit too long during the festivities. The house has transitioned from single family to multifamily under the tender care of a few owners over a century. Intentional and thorough screening of residents has ensured each apartment space is maintained well. One will notice great care was taken in transitioning some spaces to apartments by preserving original woodwork should anyone desire to take it back to single family living. Whichever way you approach it, this gem shines with authentic value. Multifamily cashflow? Have you dreamed of living in a historic home with rental income to help cover the costs? Perhaps you love the stories this historic home must tell. Envision additional income inviting others in as a historic bed and breakfast or short-term rental? The history and beauty offer natural curiosity to others. The nature-based playground and grand front porch allows adults and children to enjoy their own unique experience while the rental income provides fuel for the dream and owners living space. Interior photos and pro-forma available with signed NDA. Showings must be at least 24 hour notice.