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202 4th Avenue NE Elgin, ND 58533
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Key Details
Sold Price $175,000
Property Type Commercial
Sub Type Commercial/Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,582 sqft
Price per Sqft $26
MLS Listing ID 23-136
Sold Date 08/29/24
Year Built 1978
Annual Tax Amount $2,926
Tax Year 2022
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 125 x 130
Property Sub-Type Commercial/Investment
Property Description
This 8 unit apartment building is a great investment opportunity. 6 2 bedroom apartments of approximately 735 sq ft each and 2 one-bedroom apartments of 617 sq ft each. There is off street parking for the tenants with vehicle plug-ins. Each apartment has a range, refrigerator and wall air conditioner. Electric heat with separate meters for each apartment. Tenants pay their own electric bills. The owners pay for the common areas, water, hot water and sewer for the facility. There are 2 coin operated laundries and a tornado shelter in the common area. There are 4 garage stalls for tenant use on a first come, first served basis. The apartments are currently all leased, $400 per month for the one bedroom units, $440 per month for the 2 bedroom units. Garage rent is $30 per month.
Location
State ND
County Grant
Area New Leipzig
Zoning Res Low Density
Interior
Hot Water 4 electric
Heating Electric Baseboard
Cooling Wall
Heat Source Electric Baseboard
Building
Sewer City
Water YES
Others
Acceptable Financing cash at closing
Listing Terms cash at closing
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Bought with Non-Member Office