Bought with Jasmin N Teigen Bakken Realty - ND
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500 Frontage RD Elgin, ND 58533
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Key Details
Sold Price $498,500
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 15,888 sqft
Price per Sqft $31
MLS Listing ID 4010950
Sold Date 02/22/24
Style Side By Side
HOA Y/N Yes
Year Built 1977
Annual Tax Amount $5,187
Lot Size 1.980 Acres
Acres 1.98
Lot Dimensions 294x294
Property Sub-Type Commercial
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. Financial and other information is available. The property is close to the hospital and clinic. Occupancy rate is good. Most leases are for 1 year.
Location
State ND
County Grant
Area Outlying Towns Nd
Direction From Highway 49, go west on 6th Ave, then turn south immediately on the Frontage Road. Property is on your right. Signs on the property.
Rooms
Other Rooms Other
Basement None
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Vinyl, Carpet
Exterior
Exterior Feature Storage, Courtyard
Parking Features On Street, Off Street
Fence None
Utilities Available Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected, Trash Pickup - Public, Electricity Connected, Fiber Optic Connected
Amenities Available Storage
Roof Type Metal
Accessibility Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Kitchen Appliances, Accessible Washer/Dryer
Garage No
Private Pool No
Building
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Side By Side
Structure Type Vinyl Siding
Others
Tax ID 61-0828000
Acceptable Financing Cash
Listing Terms Cash
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