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

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

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