Property Attributes
- ID#6383672
- TypeCommercial
- CountyROCK
- CityLuverne
- AreaCity Center Condo Inc Cic #13
- NeighborhoodCity Center Condo Inc Cic #13
- Zip56156
- StyleApartment,Low Rise
- Year Built1925
- Taxes$ 5280
- Price$ 899,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage25000
- Lot Size2.22 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
This is a great investment opportunity to own in the City Centre Apartments complex in the heart of Luverne! Includes 15 units on the 3rd floor of the building. 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 | |
---|---|
6/7/2023 | Listed $925,000 |
6/12/2023 | 3% - $899,000 |
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 | 135420 |
OwnerPays | Grounds Care,Repairs,Snow Removal,Water |
Accessibility | Accessible Elevator Installed,Hallways 42 +,Wheelchair Ramp(s) |
County | Rock |
Net Operating Income | 72748 |
Operating Expense | 62672 |
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 | 15 |
Street Name | Luverne |
Land Lease Y/N | No |
Tax Annual Amount | 5280 |
Additional Parcels Y/N | No |
Days on Market | 328 |
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 | 25000 |
Lot Dimensions | 339x284x339x284 |
Lot Size Units | Acres |
Foundation Area | 25000 |
Road Frontage Type | City Street,Curbs,Paved Streets,Sidewalks,Street Lights |
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