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$1,900,000 For Sale

210 S Park Avenue
Park Rapids, MN 56470

41 units |

lot: 0.61 acres
Commercial: Commercial - MLS# 4908574
Property Photo
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Description

41 unit apartment building. Newly remodeled, hard wood floors, block construction, affordable rents, long term tenants. Call to schedule a showing.

Features

  • Accessibility: Wheelchair Ramp,No Stairs Internal,No Stairs External,Roll-In Shower
  • Air Conditioning: Central, Window, Wall
  • Amenities - Shared: Deck, Coin-Op Laundry Owned, Concrete Floors & Walls
  • Amenities - Unit: Vaulted Ceiling(S), Hardwood Floors, Tiled Floors, Security System
  • Annual Caretaker Expense: 7800
  • Annual Electric Expense: 7873
  • Annual Fuel Expense: 4107
  • Annual Gross Income: 287220.00
  • Annual Insurance Expense: 5023
  • Annual Maintenance Expen: 3088
  • Annual Net Income: 218561.11
  • Annual Repair Expense: 3088
  • Annual Trash Expense: 7438
  • Annual Water/Sewer Expen: 11400
  • Appliances: Range, Exhaust Fan/Hood, Refrigerator
  • Building Finished Square: 65675
  • County/Area: Hubbard County
  • Exterior: Wood, Metal, Brick/Stone
  • Foundation Size: 44075
  • Fuel: Natural Gas, Electric
  • Heating: Forced Air, Baseboard
  • Listing Status: Active
  • Lot Dimensions: 123275
  • Lot Size: 0.6100
  • Miscellaneous: Out Buildings
  • MLS ID: RMLS
  • Number Of Ranges: Six Or More
  • Number Of Refrigerators: Six Or More
  • Number Of Units 1: 9
  • Number Of Units 2: 19
  • Number Of Units 3: 6
  • Number Of Units 4: 5
  • Number Of Units 5: 1
  • Other Parking Spaces: 65
  • Parking Characteristics: Driveway - Asphalt
  • Postal City: Park Rapids (Mn)
  • Property Type: Commercial
  • Road Frontage: Us Highway
  • Roof: Flat, Tar/Gravel, Rubber, Metal, Concrete
  • Sale Includes: Building, Land, Inventory, Leases
  • School District: 309 - Park Rapids
  • Sewer: City Sewer/Connected
  • Sub Type: Commercial
  • Tenant Expenses: Electric, Fuel
  • Total Annual Expenses: 77883
  • Total Monthly Income: 21184
  • Units: 41
  • Water: City Water/Connected
  • Year Built: 1900
  • Zip Code: 56470
  • Zoning: Residential-Multi-Family

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