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
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