Listings

500 Frontage Road, Elgin, ND 58533

$580,000
Property Type: Commercial 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: 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# 23-1214

None

Realtor.COM Type: Commercial

Contract Information

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

Property Type

Basement: none Basement Type: None Lot Size Dimensions: 294 x 294 Lot Acres: 1.98 Lot Size Square Feet: 86249 Year Built: 1977 Total SqFt.: 15888

Location, Tax and Other Information

City: Elgin Zoning: Res Low 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

Business Details

Real Estate/Business: Real Estate and Business

Miscellaneous

Construction Type: Stick built

Utilities

Electrical: Tenant pays Heat: Electric Baseboard Air Cond #: 8 Air Cond Type: Wall Water Heaters: 16 electric Water: City Sewer: city

Sold Info

Tot $ Seller Conces: 0

Location Tax and Other Information

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

Sold Information

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

Documents

Listing Office: Century 21 Morrison Realty
Last Updated: October - 20 - 2024
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Badlands Board of REALTORS(R) Multiple Listing Service. Real estate listings held by brokerage firms other than the owner of this site are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The materials contained within this page may not be reproduced without the express written consent of the owner of this site. This information contained herein is believed to be accurate and timely, but no warranty as such is expressed or implied.

Compare