1220 N FRONT ST Active Save Request In-Person Tour Request Virtual Tour
Crookston,MN 56716
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $101
MLS Listing ID 25-281
Style 1+ Story
Bedrooms 1
Year Built 1950
Annual Tax Amount $7,436
Lot Size 1.515 Acres
Property Sub-Type Multi Family
Property Description
Investment Opportunity in Crookston, MN!
Park Apartments - a 15-unit multifamily complex offering strong occupancy and significant value-add potential.
Currently 93.3% occupied, with rents well below market - providing an excellent opportunity for immediate income growth.$28.9K+ in targeted renovations have been completed across select units in past 24 months. Boiler replaced in 2021. Affordable Units with Upside: Efficiency/studio units with private entrances, and on-site coin laundry, with loads of parking and green space.
Prime Location: Conveniently located near local amenities, including grocery stores and shops, ensuring consistent tenant demand.
Lots of surrounding land for ample value add opportunities.
Contact us today to schedule a private tour and receive full financials.
Location
State MN
County Polk
Area Small Town Mn
Zoning A-1 Limited Development
Interior
Heating GH2O
Schools
Elementary Schools Crookston
Middle Schools Crookston
High Schools Crookston