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  • 1101 7th Ave W

  • Virginia, MN 55792
  • $799,000
  • 23 Beds
  • 12 Baths
  • MLS® #: 6096383
  • Year Built: 1965
Multi-Family property for sale in Virginia, MN at 1101 7th Ave W. This 23 bedroom multi-family property is priced at $1,331,667/acre.

Description of 1101 7th Ave W, Virginia, MN 55792 - $799,000

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.

Essential Information

  • MLS® #6096383
  • Price$799,000
  • Bedrooms23
  • Bathrooms12.00
  • Acres0.60
  • Year Built1965
  • TypeMulti-Family
  • Sub-Type11+ Units
  • StyleOther
  • StatusACTIVE

Interior

  • HeatingCity Gas, Boiler, Hot Water
  • # of Stories2
  • Stories2.25 - 2.75 Story

Community Information

  • Address1101 7th Ave W
  • AreaVirginia
  • CityVirginia
  • CountySt. Louis County
  • StateMN
  • Zip Code55792

Exterior

  • ExteriorBrick
  • ConstructionBrick
  • FoundationN/A

Amenities

  • # of Garages9
  • GaragesDetached

School Information

  • DistrictVirginia #706

Additional Information

  • Listing OfficeHeirloom Realty, Llc

Kris LindahlREALTOR®

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Price Change History for 1101 7th Ave W, Virginia, MN (MLS® #6096383)

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ACTIVE
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