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Listing Details
- $650,000
- MLS# 6825937
- Type Commercial - Business
- Status Pending
Listed By
Agency Name: RE/MAX Results
Agency Phone: 763-235-7000
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
Description
Well-maintained 32-unit one-bedroom senior apartment building featuring common areas, individually metered electric, and an updated boiler system. Property is in solid overall condition with a consistent unit layout and on-site parking. HUD contract in place through 10/31/2026, perfect for future HUD-to-market conversion opportunity upon contract expiration. Offered as a value-add investment opportunity with current financial performance below market, allowing upside through operational improvements, rent optimization, and expense management. Suitable for senior housing operations, affordable housing strategies, or market-rate repositioning...read more
Features
- Cooling: Wall Unit(s)
- Heating: Boiler
- Stories: 3.0
- Taxes: $1,768
- Water: City Water/Connected
- Year Built: 1979
Gallery
Listed By
Agency Name: RE/MAX Results
Agency Phone: 763-235-7000
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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