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$525,000
Est. payment /mo
1 Bed
15 Baths
5,184 SqFt
UPDATED:
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
Abv Grd Liv Area 2,592
Year Built 1950
Annual Tax Amount $7,436
Lot Size 1.515 Acres
Acres 1.52
Lot Dimensions 220x300
Property Sub-Type Multi Family
Source Grand Forks Area Association of REALTORS®
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.
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
Building
Lot Size Range 1.52
Architectural Style 1+ Story
Schools
Elementary Schools Crookston
Middle Schools Crookston
High Schools Crookston
Others
Tax ID 820089700
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Listed by TruHome Realty
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