a Berkshire Hathaway affiliate

$799,000

1101 7th Ave W, Virginia, MN 55792


1101 7th Ave W Virginia, MN 55792

For Sale MLS# 6096383

23 beds 12 baths 12,000 sq ft Multi-family

Data current as of {{getLocalTime('2021-05-18T16:41:26Z')}}

Details

for 1101 7th Ave W

MLS# 6096383

Description for 1101 7th Ave W, Virginia, MN, 55792


Attention investors! Build a portfolio in the northland. Well maintained fully occupied 12 unit apartment building with 11 two bedroom units and 1 one bedroom unit. Solid sought after building. Many upgrades including a new high efficiency heating system, on demand hot water, and new commercial water softener system. The roof and brick exterior are in good condition. Most units have been updated and the building comes with a 9 stall garage building adjacent the driveway. Property has been well managed and is fully occupied with no delinquencies. Rental performance is 7800/mo and all utilities are tenant paid. Many long term tenants. Opportunity to increase performance through value add and optimizing rents to current market. Purchase separately or as a portfolio package with 602-610 7th Street South.

Listing Information


Property Type: Multi-family, 11+ Units

Status: Active

Bedrooms: 23

Bathrooms: 12

Lot Size: 0.60 Acres

Square Feet: 12,000 sq ft

Year Built: 1965

Foundation:

Garage: Yes

Stories: 2.25 - 2.75 Story

Construction: Brick

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 12

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: St. Louis

HERS Score:

Construction Status:

School Information


District: Virginia #706

Elementary:

Middle:

High:

Room Information


Bathrooms

Full Baths: 1

Additonal Room Information

Family:

Dining:

Laundry: Coin Operated Owned

Bath Description:

Interior Features


Square Footage above: 12,000 sq ft

Square Footage below:

Flooring:

Basement: None

Additional Interior Features:

Utilities


Water: City

Sewer: City

Available Utilities:

Other Utilities:

Heating: Boiler, Hot Water, City Gas

Exterior / Lot Features


Garage Spaces: 9

Parking Description: Garage Description - Detached,Multiple

Exterior: Brick

Lot View:

Lot Dimensions: 100x120

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Unit Information


Total Baths: 1

Total Bedrooms: 2

Total Rooms: 5

Driving Directions


Take highway 53 North to Virginia. Turn Right on S 2nd Ave W. Turn L on Chestnut Street. Turn Right on N 6th Ave W and follow to 12th St N and turn L. Property is on corner to the Left.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays: Internet Service,Cable TV,Electric,Trash,Water,Fuel,Sewer

Owner Pays: Lawn,Snow

Ownership Type:

Tax/Property ID: 090-0110-00790

Tax Amount: $4,168

Tax Year: 2021

HomeStead Description:

Sales History

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Schools nearby 1101 7th Ave W

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings