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Listing Details
- $1,100,000
- MLS# 7020224
- Type Commercial - Business
- Status Contingent
Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
Description
Built in 1964 and positioned near the Lexington Parkway and University Avenue corridor, the property features a strong unit mix of seven 2-bedroom and four 1-bedroom apartments totaling approximately 7,850 rentable square feet across two stories. Parking and storage are not currently being billed, presenting immediate upside for investors looking to grow gross income from day one.Capital improvements over the past decade include vinyl double-pane windows, a white EPDM flat roof, a newer water heater, and a resurfaced parking lot (2019) with 10 surface spots and dedicated space for trash and recycling service.Almost all units are market-rate,...read more
Features
- Cooling: Wall Unit(s)
- Heating: Boiler
- Stories: 2.0
- Taxes: $20,005
- Water: City Water/Connected
- Year Built: 1964
Gallery
Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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