Listings

500 Frontage Road, Elgin, ND 58533

$580,000
Property Type: Multi-Family Bedrooms: 24 Baths: 24 Square Footage: 15,888 Lot Size (sq. ft.): 86,249 Status: Closed
Current Price: $498,500 List Date: 12/07/2023 Last Modified: 10/20/2024

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.

Supplements: 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. All apartments are handicapped accessible.

More Information MLS# 23-1213

Contract Information

Seller Terms: Cash at closing For Sale/Lease: Sale Current Price: $498,500 Book Section: Multi-Family Begin Date: 2023-12-05 Sold Price: $498,500 Status: Closed

General Property Description

Lot Size Square Feet: 86249 Realtor.COM Type: Multi-Family Lot Size Dimensions: 294 x294 Lot Acres: 1.98 Style: 1 Story Construction Type: Stick Built SqFt. 1: 5296 Basement: none SqFt. 2: 5296 Basement Type: None SqFt. 3: 5296 Total Bedrooms: 24 SqFt Basement: 0 Total Bathrooms: 24 Garage Stall: 0 Garage Type: None Year Built: 1977 Total SqFt.: 15888 Total Full Baths: 15 Total 3/4 Baths: 8

Location, Tax and Other Information

City: Elgin Zoning: Res High Density Taxes: 5187 Tax Year: 2022 Specials Balance: 0 Specials Year: 0 Specials Installment: 0 Legal: Block 22, Part SE Lands, 22-134-89 Mineral Rights: No Directions: 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.

ROS Contingent

Accepting Backup Offers: No

Exterior Features

Exterior: vinyl siding

Miscellaneous

LBP Target Housing: 1

Utilities

Heat 1: Electric Baseboard Wtr/Swr/Gas Pd By: Owner Elec Pd By: Tenant Heat Pd By: Tenant

Sold Info

Tot $ Seller Conces: 0

Location Tax and Other Information

Area: New Leipzig House Number: 500 Street Name: Frontage Street Suffix: Road State/Province: ND Postal Code: 58533 County: Grant

Sold Information

Sold Date: 2024-02-22 Sold Price: $498,500

Unit Info

Number of Units: 16

Property Features

Miscellaneous: LBP Target Housing

Documents

Listing Office: Century 21 Morrison Realty
Last Updated: October - 20 - 2024
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