NEED TO SELL your home to buy this one?
  • 602-610 7th St S

  • Virginia, MN 55792
  • $499,000
  • 14 Beds
  • 10 Baths
  • MLS® #: 6096384
  • Year Built: 1907
Multi-Family property for sale in Virginia, MN at 602-610 7th St S. This 14 bedroom multi-family property is priced at $2,495,000/acre.
REDUCED

Description of 602-610 7th St S, Virginia, MN 55792 - $499,000

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.

Essential Information

  • MLS® #6096384
  • Price$499,000
  • Bedrooms14
  • Bathrooms10.00
  • Acres0.20
  • Year Built1907
  • TypeMulti-Family
  • Sub-Type5-10 Units
  • StyleOther
  • StatusINSPECTION CONTINGENCY

Interior

  • HeatingBoiler, City Gas
  • # of Stories2
  • Stories2 Story

Community Information

  • Address602-610 7th St S
  • AreaVirginia
  • CityVirginia
  • CountySt. Louis County
  • StateMN
  • Zip Code55792

Exterior

  • ExteriorSteel
  • ConstructionFrame/Wood
  • FoundationPoured Concrete

Amenities

  • GaragesNone

School Information

  • DistrictVirginia #706

Additional Information

  • Listing OfficeHeirloom Realty, Llc

Kris LindahlREALTOR®

Mortgage Calculator

Down Payment: Monthly Payment:

Property Location for 602-610 7th St S, Virginia

Get directions to this property:

Price Change History for 602-610 7th St S, Virginia, MN (MLS® #6096384)

Date Details Price Change
INSPECTION CONTINGENCY (from ACTIVE)
Price Reduced (from $549,000) $499,000 $50,000 (9.11%)
Please provide a valid email address.

By searching, you agree to the End User License Agreement

Information is supplied by seller and other third parties and has not been verified.

Copyright 2021 Duluth Area Association of REALTORS® MLS All Rights Reserved.