Steven Hicks
(701) 239-2232
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Listing Details
- $5,600,000
- MLS# 7107359
- Type Commercial - Business
- Status Contingent
Listed By
Agency Name: RE/MAX Results
Agency Phone: 651-251-4800
Shown By
Agent Name: Steven Hicks
Agent Phone: (701) 239-2232
Agency Title: Town & Country Realty
Home Value Estimate
Description
* Sale Price: $5,600,000* Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio* Located on a 0.49-acre site totaling approximately 21,344 sf* Corner of Lagoon & Humboldt, across from Lunds & Byerly's, near The Lakes, and next to the Midtown Greenway Trail* Longtime family-owned asset* 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom.* 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015)* Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies* Perfect 1031 Tax...read more
Features
- Heating: Boiler
- Taxes: $130,803
- Water: City Water/Connected
- Year Built: 1915
Gallery
Listed By
Agency Name: RE/MAX Results
Agency Phone: 651-251-4800
Shown By
Agent Name: Steven Hicks
Agent Phone: (701) 239-2232
Agency Title: Town & Country Realty
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