a Berkshire Hathaway affiliate

$549,000

602-610 7th St S, Virginia, MN 55792


602-610 7th St S Virginia, MN 55792

For Sale MLS# 6096384

14 beds 10 baths 6,600 sq ft Multi-family

Data current as of {{getLocalTime('2021-05-14T22:50:40Z')}}

Details

for 602-610 7th St S

MLS# 6096384

Description for 602-610 7th St S, Virginia, MN, 55792


Attention investors! Build a portfolio in the northland. Well maintained fully occupied 10 unit apartment building with 4 two bedroom units and 6 one bedroom units. Many upgrades including new roof, new high efficiency heating system, on demand hot water, and new commercial water softener system. All units have been updated and all 10 units have new rear decks and front porches. Steel siding and many new windows throughout. Property has been well managed and is fully occupied with no delinquencies. Rental performance is 5600/mo and all utilities are tenant paid. Rents are below market, significant opportunity to optimize cash flow and value. Purchase separately or as a portfolio package with 1101 N 7th Avenue.

Listing Information


Property Type: Multi-family, 5-10 Units

Status: Active

Bedrooms: 14

Bathrooms: 10

Lot Size: 0.20 Acres

Square Feet: 6,600 sq ft

Year Built: 1907

Foundation:

Garage: No

Stories: 2 Story

Construction: Frame/Wood

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 10

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, Shared

Bath Description:

Interior Features


Square Footage above: 6,600 sq ft

Square Footage below:

Flooring:

Basement: Full, Poured Concrete

Additional Interior Features:

Utilities


Water: City

Sewer: City

Available Utilities:

Other Utilities:

Heating: Boiler, City Gas

Exterior / Lot Features


Parking Description: Garage Description - None

Exterior: Steel

Lot View:

Lot Dimensions: 60x130

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


Drive north on highway 53 to Virginia. Turn right on S 2nd Avenue W. Turn left on 7th Street S. Building is 4 blocks down on left side.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

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

Owner Pays: Lawn,Snow

Ownership Type:

Tax/Property ID: 090-0030-07305

Tax Amount: $4,088

Tax Year: 2021

HomeStead Description:

Sales History

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Schools nearby 602-610 7th St S

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