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523 NW 7th Avenue

Grand Rapids, MN 55744
  • $399,900
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: 6130442
UPDATED: 27 min ago
$399,900
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,720
    SQFT
  • $108
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

School District:
Listing courtesy of Coldwell Banker Northwoods.

Description

Great potential in this 8 unit multifamily apartment building. 17,800 total square feet. Great GR location close to parks, shopping and amentities. With some sweat equity and vision this can be a tremendous investment opportunity. 2 units are finished and have been rented for years at $2,100 per month. Set up for 8 units. Remaining 6 units will need to built and finished, please view supplement info for renderings on potential layouts. Much of the infrastructure has been completed water/sewer/electric is set up in the building. Zoned LB so some possible commercial applications also.

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IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Michael Kaslow Team | Keller Williams Integrity Lakes are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Michael Kaslow Team | Keller Williams Integrity Lakes is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Michael Kaslow Team | Keller Williams Integrity Lakes, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-01-26T09:22:07.

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523 NW 7th Avenue Grand Rapids, MN 55744

  • Price: $399,900
  • Status: Active
  • On Site: 62 Days
  • Updated: 27 min ago
  • ID#: 6130442
0
Beds
0
Baths
0
½ Baths
0.41
Acres
3,720
SQFT
$108
$/SQFT
1950
Built
Neighborhood:
Grand Rapids Second Div
County:
Itasca
School District:
318 - Grand Rapids
Property Description
Great potential in this 8 unit multifamily apartment building. 17,800 total square feet. Great GR location close to parks, shopping and amentities. With some sweat equity and vision this can be a tremendous investment opportunity. 2 units are finished and have been rented for years at $2,100 per month. Set up for 8 units. Remaining 6 units will need to built and finished, please view supplement info for renderings on potential layouts. Much of the infrastructure has been completed water/sewer/electric is set up in the building. Zoned LB so some possible commercial applications also.
Exterior Features

Construction Materials Brick/Stone Construction Materials Desc ConcreteFrame Foundation Area 6056 Garage Square Feet 0 Levels One And One Half Lot Features Corner Lot Lot Size Dimensions 10725 Parking Features PavedOn-Street Parking Only Road Frontage Type Street LightsStorm SewerCity Street Roof Asphalt Waterfront YN No

Interior Features

Above Grade Finished Area 3720 Basement BlockConcretePartially FinishedUnfinished Below Grade Finished Area 0 Fireplace YN No Heating Baseboard SQFTAbove Ground Total 12112.00 SQFTBelow Ground Total 6056.00 SQFTMain Total 6056.00 SQFTTotal 18168.00

Property Features

Accessibility Features Doors 36"+ Additional Parcels YN Yes Assessment Pending No Contingency None Electric 200+ Amp Service Electric Expense 0 Expenses 0.00 Foreclosure Status No Fuel Electric Fuel Expense 0 Gross Income 25200 Insurance Expense 0 Internet Options Fiber Optic Land Lease Amount 0 Lender Owned No Maintenance Expense 0 Manager Expense 0 New Construction YN No Operating Expense 0 Other Expense 0 Postal City Grand Rapids Potential Short Sale No Present Use Yearly Property Sub Type Apartment Rental License YN No Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 5370 Tax With Assessments 5856.00 Tax Year 2021 Tenant Pays ElectricityWater Trash Expense 0 Unit Type Unit 1Unit 2Unit 3Unit 4 Water Sewer Expense 0 Water Source City Water/ConnectedCity Water - In Street Zoning Description Residential-Multi-FamilyOther

© 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Coldwell Banker Northwoods. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Michael Kaslow Team | Keller Williams Integrity Lakes are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Michael Kaslow Team | Keller Williams Integrity Lakes is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Michael Kaslow Team | Keller Williams Integrity Lakes, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-01-26T09:22:07.

Click here for Digital Millennium Copyright Act
 
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The Michael Kaslow Team | Keller Williams Integrity Lakes
1350 Lagoon Avenue, Suite 900
Minneapolis MN, 55408
Listing courtesy of Coldwell Banker Northwoods.