MLS#7018242
STATUSPending
PROPERTY TYPECommercial - Business
SCHOOLBird Island-Olivia-Lake Lillian
Property Description
49 total apartment units. 48 one bedroom units, one 2 bedroom unit. 4 buildings total. Three 16 unit buildings. The fourth building includes office , community room and two bedroom apartment. On linear pond to the South. Plenty of off parking. Brand new electric panels in all four buildings. Common laundry rooms in each building. Wall ACs. Close to parks and playground. Two sheds included. Possibly room on property for community gardens. *property needs updating approximately half the units are vacant. A couple+ are gutted.**Affordable housing under a Section 8 contract, that the buyers will need to get 2530 Clearance with HUD- HUD contract til 2035** Sold As isGross rent is Pro-Forma3 Roofs in the last 8 -10 years. All the electric panels plus -basically brand new. Conveniently located in town of Olivia.
Property Features
Property Type: Commercial - Business
Cooling: Wall Unit(s)
Fuel Type: Electric
Heating: Baseboard, Radiant
Lot Size: 3.82 Acres
Roof Type: Age 8 Years or Less, Asphalt, Pitched
Stories: 2.0
Taxes: $3,728
Year Built: 1993
Feature Descriptions
Appliances: Range, Refrigerator
Basement: None
Current Use: Residential
Days on Site: 65
Foundation Size: 11000
Handicap Accessible: Partially Wheelchair
Lot: Property Adjoins Public Land, Tree Coverage - Medium
Lot Dimensions: 369x448x371x449
Owners Expense: All Utilities, Common Area Maintenance, Electricity, Exterior Maintenance, Grounds Care, Heat, Insurance, Snow Removal, Trash Collection, Water
Ownership Decription: Potential Shortsale
Parcel#: 350025000
Parking: Asphalt, Parking Lot, Unassigned, Open
Road Frontage: City Street, Paved Streets
Sale Includes: Building, Fixture/Equipment, Land, Leases
Sewer: City Sewer/Connected
Shared Rooms: Amusement/Party Room, Community Room, Other
Units: 49
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected
Waterfront: Pond
Local Schools
School District: Bird Island-Olivia-Lake Lillian
Listed By / Shown By
Listed By
Agency Name: Lentsch Company
Agency Phone: 651-335-5464
Shown By
Agent Name: Andrea Ness
Agent Phone: (218) 281-7451
Agency Title: LeBlanc Realty
500 S 13th Street | MLS# 7018242
This commercial property located at 500 S 13th Street, Olivia, MN 56277 is currently listed for sale with an asking price of $674,900. S 13th Street is located within the Bird Island-Olivia-Lake Lillian school district. Search Olivia real estate on ness.leblancrealty.com today.