39 Total Photos [Click to View All]
Listing Details
- $500,000
- MLS# 7074045
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Weichert, Realtors - Paulson Land Co
Agency Phone: 218-864-5203
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
Description
Here is a unique investment opportunity. This 3 building, 16 plex consists of an 8 unit and 2 - 4 unit buildings. Each are 2 bedroom, 1 bath apartments with a common entrance for each building. Rent is currently below area rate as this complex was financed by several community minded people with rent control financing to provide low cost housing in the community. The rent control contract has expired and the owner group would like to pass on the management to someone else. Since the expiration of the contract, rent has been increased for new tenants. The property contains a large area that would allow for a 4th building to be constructed....read more
Features
- Appliances: Cooktop, Exhaust Fan, Range, Refrigerator
- Cooling: Wall Unit(s)
- Heating: Baseboard
- Stories: 2.0
- Taxes: $7,069
- Water: City Water/Connected, Shared System
- Year Built: 1978
Gallery
Listed By
Agency Name: Weichert, Realtors - Paulson Land Co
Agency Phone: 218-864-5203
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Print This Listingx
Select a format below, new window will open and will prompt you to print.
