523 Nw 7th Avenue, Grand Rapids, 55744

Residential Income - Apartment For Sale in Grand Rapids Second Div

$399,900

Beds
Baths
3,720Sqft
.41Acres
1950Built
12DOM
MLS® #: 6130442
Active, 12 Days on Market

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.

Essential Information

MLS® #: 6130442
Price: $399,900
Bathrooms: 0.00
Square Footage: 3,720
Acres: 0.41
Year Built: 1950
Type: Residential Income
Sub-Type: Apartment
Style: Apartment
Status: Active

Community Information

Address: 523 Nw 7th Avenue
Subdivision: Grand Rapids Second Div
City: Grand Rapids
County: Itasca
State: MN
Zip Code: 55744

Amenities

Garages: Paved,On-Street Parking Only

Interior

Heating: Baseboard

Exterior

Lot Description: Corner Lot
Roof: Asphalt
Construction: Brick/Stone

School Information

District: Grand Rapids

Additional Information

Days on Market: 12
Zoning: Residential-Multi-Family,Other

Listing Details

Listing Office: COLDWELL BANKER NORTHWOODS

Financials

$/SqFt: $108

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on December 6th, 2021 at 4:35am CST.