• 5302 51st Ave S, Suite B - Fargo, ND 58104
  • 701-566-7080
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$498,500
500 Frontage Road
Elgin, ND 58533
MLS# 4010950
Status: Closed
15888 sqft
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Property Description
This 16 unit apartment complex has 8 fully furnished 1 bedroom, 1 bathroom apartments and 8 2 bedroom, 2 bathroom apartments. Each apartment has it's own washer and dryer and an outside outlet. The single apartments are move in ready, complete with dishes, silverware, towels and linens. They are all air conditioned. The owner furnishes the appliances for some of the 2 bedroom apartments. They furnish their own AC. Rent is $500 per month for the singles and doubles where the tenant furnishes the appliances, and $550 if the owner has the appliances. There is electric heat. Tenants pay for electricity. The owner pays for water, sewer, and garbage. There is off street and on street parking. There is a large courtyard with a storm shelter. Each apartment has access to additional storage. Financial and other information is available. The property is close to the hospital and clinic. Occupancy rate is good. Most leases are for 1 year.

Details
Maps
Documents
Contract Information
List Price/SqFt: 36.51
Sold Price/SqFt: 31.38
Price Type: Sale Only
Sold Price: $498,500
Current Price: $498,500
Date Listed: 2023-12-05
Remarks
Directions: From Highway 49, go west on 6th Ave, then turn south immediately on the Frontage Road. Property is on your right. Signs on the property.
Public Remarks: This 16 unit apartment complex has 8 fully furnished 1 bedroom, 1 bathroom apartments and 8 2 bedroom, 2 bathroom apartments. Each apartment has it's own washer and dryer and an outside outlet. The single apartments are move in ready, complete with dishes, silverware, towels and linens. They are all air conditioned. The owner furnishes the appliances for some of the 2 bedroom apartments. They furnish their own AC. Rent is $500 per month for the singles and doubles where the tenant furnishes the appliances, and $550 if the owner has the appliances. There is electric heat. Tenants pay for electricity. The owner pays for water, sewer, and garbage. There is off street and on street parking. There is a large courtyard with a storm shelter. Each apartment has access to additional storage. Financial and other information is available. The property is close to the hospital and clinic. Occupancy rate is good. Most leases are for 1 year.
Location
Sub Area: Outlying Towns ND SW
Street Number: 500
Street Name: Frontage
Street Type: Road
Area: Outlying Towns ND
State: ND
Zip Code: 58533
County: Grant
Legal, Tax and Other Information
Taxes: 5187.18
Tax Year: 2022
Specials Installment: 0
Specials Balance: 0
Pending Specials: No
Zoning: Commercial
Parcel ID: 61-0828000
Legal Description: Block 22, Part SE Lands, 22-134-89
General Property Information
Lot SqFt: 86249
Lot Acres: 1.98
Sub Type Details: Business and Building
Lot Dimensions: 294x294
Total Unfinished SqFt: 0
Finished Above Grade SqFt: 15888
Finished Below Grade SqFt: 0
Garage: No
Other Parking Spaces: 20
Accessibility Features: Yes
Fee: No
Property Sub Type: Commercial
Year Built: 1977
Total Finished SqFt: 15888
Utilities
Electricity Connected: 1
Fiber Optic Connected: 1
Natural Gas Not Available: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Trash Pickup - Public: 1
Business Type
Other: 1
Basement
None: 1
Roof
Metal: 1
Cooling
Wall/Window Unit(s): 1
Heating
Electric: 1
Architectural Style
Side By Side: 1
Construction Materials
Vinyl Siding: 1
Levels
One: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation
Slab: 1
Listing Terms
Cash: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Exterior Features
Courtyard: 1
Storage: 1
Fencing
None: 1
Electric
220 Volts: 1
Circuit Breakers: 1
Single Phase: 1
Lot Features
Level: 1
Lot - Owned: 1
Square Lot: 1
Water Source
Public: 1
Other Structures
Other: 1
Sewer
Public Sewer: 1
Parking Features
Off Street: 1
On Street: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Tenant Pays
Electricity: 1
Telephone: 1
Included
See Remarks: 1
Accessibility Features
Accessible Bedroom: 1
Accessible Central Living Area: 1
Accessible Closets: 1
Accessible Entrance: 1
Accessible Full Bath: 1
Accessible Kitchen: 1
Accessible Kitchen Appliances: 1
Accessible Washer/Dryer: 1
Amenities
Handicap Access: 1
Storage: 1
Washer/Dryer Hookup: 1
Status Change Info
Status: Closed
Under Contract Date: 2023-12-27
Sold Date: 2024-02-22
Sold Price: $498,500
Property Features
Business Type: Other
Cooling: Wall/Window Unit(s)
Heating: Electric
Construction Materials: Vinyl Siding
Roof: Metal
Architectural Style: Side By Side
Levels: One
Flooring: Carpet; Vinyl
Foundation: Slab
Basement: None
Exterior Features: Courtyard; Storage
Fencing: None
Electric: 220 Volts; Circuit Breakers; Single Phase
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected; Fiber Optic Connected; Natural Gas Not Available; Phone Available; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Electricity; Telephone
Included: See Remarks
Road Frontage Type: City Street
Road Surface Type: Paved
Amenities: Handicap Access; Storage; Washer/Dryer Hookup
Listing Terms: Cash
Possession: Close Of Escrow; Subject To Tenant Rights
Accessibility Features: Accessible Bedroom; Accessible Central Living Area; Accessible Closets; Accessible Entrance; Accessible Full Bath; Accessible Kitchen; Accessible Kitchen Appliances; Accessible Washer/Dryer
Lot Features: Level; Lot - Owned; Square Lot
Parking Features: Off Street; On Street
Other Structures: Other
Listing Office: CENTURY 21 Morrison Realty

Last Updated: September - 06 - 2024

Information deemed reliable but not guaranteed.

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