602-610 7th St S, Virginia, MN 55792
602-610 7th St S, Virginia, MN 55792
602-610 7th St S, Virginia, MN 55792
FOR SALE

602-610 7th St S
Virginia, MN 55792

Local Information

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Description

Attention investors! Look at this chance to purchase a rare 10 unit building with partial seller financing! Well maintained fully occupied 10 unit apartment building with 3 two bedroom units and 7 one bedroom units. This property has upgrades including new roof, new high efficiency heating system, new on demand hot water, and new commercial water softener system. All units have updated interiors 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 5,600/mo with all utilities tenant paid. Rents are below market with significant opportunity to optimize cash flow and value.

Home Details for 602-610 7th St S

Year Built
1907
Parking
None
Price/Sqft
$71
HOA
None
Heating
Yes
Cooling
No
Outdoor
No Info
Laundry
See Home Details
Interior Features
Interior Details
Basement: Concrete,Full
Beds & Baths
Number of Bedrooms: 14Number of Bathrooms: 10Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 6600 Square Feet
Appliances & Utilities
Laundry: Coin Operated Owned,Shared
Heating & Cooling
Heating: Boiler,Natural GasHas Heating
Gas & Electric
Electric: Virginia Public Utilities
Levels, Entrance, & Accessibility
Stories: 2Levels: Two
View
No View
Exterior Features
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 6600 Square Feet
Days on Market
Days on Market: 74
Property Information
Year Built
Year Built: 1907
Property Type / Style
Property Type: Residential IncomeProperty Subtype: 5-10 UnitsStructure Type: Other
Building
Construction Materials: Frame/Wood, Steel
Property Information
Parcel Number: 090003007305
Price & Status
Price
Price Per Sqft: $71
Status Change & Dates
Possession Timing: Immediate
Active Status
MLS Status: ACTIVE
Location
School Information
Elementary School District: Virginia #706Jr High / Middle School District: Virginia #706High School District: Virginia #706
Agent Information
Listing Agent
MLS/Source ID: 6096384
Building
Building Area
Building Area: 850 Square Feet
Lot Information
Lot Area: 8712 Square Feet
Tax Information
Annual Tax Amount: $4,088Tax Legal Description: Virginia 2nd edition, Block 99, Nly 60 feet of lots 1-5.
Business
Expense
Tenant Pays: Cable TV, Electric, Internet Service, Trash, Water, Sewer
Rental
Owner Pays: Lawn, Snow
Miscellaneous
Basement
Last check for updates: 28 minutes ago
Listing courtesy of Michael Schraepfer
Heirloom Realty, LLC
Source: Lake Superior Area Realtors, MLS#6096384

Price History for 602-610 7th St S

Event DetailsPrice
09/03/2021
PriceChange
Lake Superior Area Realtors
$469K

08/10/2021
PendingToActive
Lake Superior Area Realtors
$499K

07/09/2021
Pending
Lake Superior Area Realtors
$499K

07/09/2021
Listed For Sale
Lake Superior Area Realtors
$499K

06/08/2021
ListingRemoved
Lake Superior Area Realtors
$499K

05/17/2021
PriceChange
Lake Superior Area Realtors
$499K

05/01/2021
Listed For Sale
Lake Superior Area Realtors
$549K

New Listings near 602-610 7th St S

Price Trends

For homes in 55792
$114,714
Typical home value
This home: $469,000 76% above
$361
Typical Home Value by sqft
This home: $71 408% below
Price trends provided by third party data sources.

What Locals Say about Virginia

  • Trulia User
    "Very friendly attractive school in close proximity two lakes in town and a community college. Beautiful park with a fountain "
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  • Trulia User
    "Festivals, parades, small business shopping. Garage sales, Miners memorial events such as Junk Banaza and more "
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  • Trulia User
    "I am able to use public transportation. also need a car to be able to go to certain places. lots of stop signs. "
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  • Trulia User
    "Nice neighborhood. Generally quiet... Great location..."
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LGBT Local Legal Protections

LGBT Legal Protections updated by Movement Advancement Project
Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice.
Copyright 2021 – Lake Superior Area REALTORS, Inc.® MLS – All Rights Reserved.
602-610 7th St S, Virginia, MN 55792 is a 14 bedroom, 10 bathroom, 6,600 sqft multi-family built in 1907. This property is currently available for sale and was listed by Lake Superior Area Realtors on Jul 9, 2021. The MLS # for this home is MLS# 6096384.