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500 Frontage Road Elgin, ND 58533
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Key Details
Sold Price $580,000
Property Type Commercial
Sub Type Commercial/Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 15,888 sqft
Price per Sqft $36
MLS Listing ID 23-1214
Sold Date 08/29/24
Year Built 1977
Annual Tax Amount $5,187
Tax Year 2022
Lot Size 1.980 Acres
Acres 1.98
Lot Dimensions 294 x 294
Property Sub-Type Commercial/Investment
Property Description
This 16 unit apartment complex has 8 fully furnished 1 bedroom, 1 bathroom apartments and 8 2 bedroom, 2 bathroom apartments. Each apartment has it's own washer and dryer and an outside outlet. The single apartments are move in ready, complete with dishes, silverware, towels and linens. They are all air conditioned. The owner furnishes the appliances for some of the 2 bedroom apartments. They furnish their own AC. Rent is $500 per month for the singles and doubles where the tenant furnishes the appliances, and $550 if the owner has the appliances. There is electric heat. Tenants pay for electricity. The owner pays for water, sewer, and garbage. There is off street and on street parking. There is a large courtyard with a storm shelter. Each apartment has access to additional storage.
Location
State ND
County Grant
Area New Leipzig
Zoning Res Low Density
Rooms
Basement None
Interior
Hot Water 16 electric
Heating Electric Baseboard
Cooling Wall
Heat Source Electric Baseboard
Building
Sewer city
Water City
Others
Acceptable Financing Cash at closing
Listing Terms Cash at closing
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Bought with Non-Member Office