500 Frontage Road, Elgin, ND 58533 (MLS# 23-1214)

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: $580,000 List Date: 12/07/2023 Last Modified: 10/20/2024

Overview

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.

Listing Details MLS# 23-1214

None

Realtor.COM Type: Commercial

Contract Information

Book Section: Commercial/Investment
Begin Date: 2023-12-05
Seller Terms: Cash at closing
For Sale/Lease: Sale

Property Type

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

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

ROS Contingent

Accepting Backup Offers: No

Sold Information

Under Contract Date: 2023-12-27
Sold Date: 2024-02-22

More Information

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

Location, Tax and Other Information

City: Elgin
Zoning: Res Low Density
Taxes: 5187
Tax Year: 2022
Specials Balance: No
Specials Year: No
Specials Installment: No
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.

Sold Info

Tot $ Seller Conces: No

Documents

Lead paint ›

Listing Office: Century 21 Morrison Realty

Last Updated: October - 20 - 2024

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