8
See all 8 photos
$1,650,000
Est. payment /mo
0.92 Acres Lot
Active
107 3rd AVE S Sauk Rapids, MN 56379
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Town Of Sauk Rapids
MLS Listing ID 6772661
Year Built 1965
Annual Tax Amount $11,398
Tax Year 2024
Contingent None
Lot Size 0.920 Acres
Acres 0.92
Lot Dimensions 300x135x300x135
Property Sub-Type Apartment
Property Description
Village View Apartments were well built in the mid 1960's with brick walls and gabled, asphalt shingle roofs. The 21 units are composed of an 8 unit building (117 3rd Ave S), a 12 unit building (107 3rd Ave S) and the house next door (210 1st St). The apartment buildings and house on .92 acre, half block and share an alley with US Bank and an office building. The property is just around the corner from Coborn's Grocery and the bus line. The apartments are good size, comfortable, with good natural light, full bath, eat in kitchen, and large living room and are well located - making them easy to rent. Since 2017, the buildings have been consistently maintained - new roof in 2020, bath floor & closet updates, kitchen repairs, tuck point repair 2023, etc... Current rents are below market and offer the new owner the opportunity to increase cash flow. (See pictures for rent roll and proforma).
Location
State MN
County Benton
Zoning Residential-Multi-Family
Interior
Heating Boiler
Cooling Wall Unit(s)
Inclusions Building, Land
Fireplace No
Exterior
Parking Features Detached, Other, Parking Lot
Garage Spaces 12.0
Utilities Available Electric Separate
Present Use Residential
Building
Story Three Or More
Foundation 8088
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Brick/Stone
Schools
School District Sauk Rapids-Rice
Listed by Josh Bloom • Bloom Commercial Real Estate
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