For Sale
$459,000
109 Luverne St Luverne, MN 56156
Prime MN multifamily investment. High cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- 15-unit multifamily investment opportunity in Luverne, MN, offering a 9.00% cap rate and $41,310 NOI.
- Asking price: $459,000, $30,600 per unit, $18.36 per square foot.
- Located at 109 E Luverne St, Units 329-336, in a 1925, one-story building on a 2.218-acre lot.
- 25,000 square feet, with a mix of 1.5 and 2-bedroom units.
- Amenities include a gym, community room, coin laundry, and elevator; desirable location near amenities and parks.
Property Details for 109 Luverne St
- Property type
- Apartment buildings
- Square Feet
- 25,000 SF
- Year Built
- 1925
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 96,616 SF
- Units
- 15
Location Insight
- City
- Luverne
- County
- Rock
- State
- Minnesota
- Latitude
- 43.6567788
- Longitude
- -96.2086472
109 Luverne St, Luverne, Minnesota
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Prime MN multifamily investment. High cap rate.
- Where is the apartment building located?
- The property is located at 109 Luverne St Luverne, MN.
- What is the asking price?
- The asking price for this property is $459,000.
- What are key features of this property?
- This property features: 15-unit multifamily investment opportunity in Luverne, MN, offering a 9.00% cap rate and $41,310 NOI.; Asking price: $459,000, $30,600 per unit, $18.36 per square foot.; Located at 109 E Luverne St, Units 329-336, in a 1925, one-story building on a 2.218-acre lot.
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