Address
109 E Luverne Street, Luverne, MN
Price
$ 1,990,000
Property Attributes
- ID#6363089
- TypeCommercial
- CountyROCK
- CityLuverne
- AreaCity Center Condo Inc Cic #13
- NeighborhoodCity Center Condo Inc Cic #13
- Zip56156
- StyleApartment,Low Rise
- Year Built1925
- Taxes$ 12000
- Price$ 1,990,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage75000
- Lot Size2.22 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
This is a great investment opportunity to own the City Centre Apartments, a 34-unit apartment complex in the heart of Luverne! This original school building has been renovated into a unique residential space complete with a full court basketball court! Well-kept and clean building with spacious outdoor yard space, community room for hosting events and gatherings, shared coin laundry room and elevator access to upper level floors. Compromised of a variation of 1, 2 & 3-bedroom units that are currently leased. Convenient location close to many restaurants, shops & businesses, Luverne City Park and the Rock River.
| Price History | |
|---|---|
| 5/5/2023 | Listed $2,100,000 |
| 6/12/2023 | 6% - $1,990,000 |
General Features
| Sewer | City Sewer/Connected |
|---|---|
| Heating | Baseboard |
| Cooling | Central Air |
| Utilities | Electric Separate,Heating Separate |
| Roof | Flat,Rubber,Tar/Gravel |
| Appliances | Dishwasher,Range,Refrigerator,Stainless Steel Appliances |
| Construction Materials | Brick/Stone |
| Year Built | 1925 |
| Tenant Pays | Electricity |
| Levels | Three Or More |
| Property SubType | Apartment,Low Rise |
| Tax Year | 2022 |
| Current Use | Residential |
| Gross Income | 307320 |
| OwnerPays | Grounds Care,Repairs,Snow Removal,Water |
| Accessibility | Accessible Elevator Installed,Hallways 42 +,Wheelchair Ramp(s) |
| County | Rock |
| Net Operating Income | 168138 |
| Operating Expense | 139182 |
| Property Type | Commercial Sale |
| Association Amenities | Coin-op Laundry Owned,Concrete Floors & Walls,Elevator(s),Fire Sprinkler System,In-Ground Sprinkler System,Other,Security |
| Contingency | None |
| Subdivision Name | City Center Condo Inc Cic #13 |
| Directions | From Main and 75 North to Luverne St -East to Property |
| City | Luverne |
| Buyer Agent Compensation | 2.50 |
| High School District | Luverne |
| Zoning Description | Residential-Multi-Family |
| Total Units | 34 |
| Street Name | Luverne |
| Land Lease Y/N | No |
| Tax Annual Amount | 12000 |
| Additional Parcels Y/N | No |
| Days on Market | 362 |
| Standard Status | Active |
| Lender Owned | No |
| Amenities Unit | Ceiling Fan(s),Indoor Sprinklers,Main Floor Primary Bedroom |
| Buyer Agent Compensation Type | % |
| PostalCity | Luverne |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Street Suffix | Street |
| Fuel | Electric |
Exterior Features
| Parking Features | Parking Lot,Paved |
|---|---|
| Water Source | City Water/Connected |
| Inclusions | Building,Leases |
| Lot Size Area | 2.22 |
| Building Area Total | 75000 |
| Lot Dimensions | 339x284x339x284 |
| Lot Size Units | Acres |
| Foundation Area | 25000 |
| Road Frontage Type | City Street,Curbs,Paved Streets,Sidewalks,Street Lights |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 56156
Price
Taxes
Visits
Year Built
Walkscore
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 4, 2024 8:12 PM UTC
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West Central Association Of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
