523 NW 7th Avenue, Grand Rapids, MN 55744

$399,900
3,720
SqFt
List Price
$399,900
MLS#
6130442
Status
ACTIVE
Type
Multifamily
Style
(MF) Apartments
Living Area
3,720
Acres
0.41
Subdivision
Grand Rapids Second Div
Year Built
1950

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.

Additional Information

School District
Grand Rapids
Tax Amount
$5,370
Tax Year
2021
Fuel
Electric
Lot Description
Corner Lot
Sewer
City Sewer/Connected
Roof
Asphalt
Heating
Baseboard
Water
City Water/Connected, City Water - In Street
Handicap Accessible
Doors 36"+
Basement
Block, Concrete, Partially Finished, Unfinished
Parking
Paved, On-Street Parking Only

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER NORTHWOODS.

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. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2021 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.