1609 20th St S | Moorhead, MN 56560
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- LoopNet Team
1609 20th St S
Moorhead, MN 56560
Terrace on the Green · Multifamily Property For Sale
·
116 Units
INVESTMENT HIGHLIGHTS
- - Current ownership spent $809,745 over the last 5 years on renovations
- - Additional income opportunities exist for the lot behind the property
- - New ownership has the opportunity to implement interior unit upgrade program
- - New ownership, based upon area rent comps, can raise rents up to $157/unit
- - Amenities include on-site credit card operated laundry, fitness center, and in-wall A/C units
- - Land values in Fargo-Moorhead rose 74% from 2012 to 2017
PROPERTY FACTS
| No. Units | 116 | Lot Size | 5.46 AC |
| Property Type | Multifamily | Building Size | 129,840 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | C | Year Built | 1969 |
| Zoning | R | ||
| No. Units | 116 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.46 AC |
| Building Size | 129,840 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1969 |
| Zoning | R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $613.00 | 570 - 641 |
| 2+1 | 80 | $782.00 | 641 - 990 |
| 3+2 | 4 | $595.00 | 883 - 1,035 |
PROPERTY TAXES
| Parcel Number | 58-781-0010 | Improvements Assessment | $4,434,200 |
| Land Assessment | $1,190,300 | Total Assessment | $5,624,500 |
PROPERTY TAXES
Parcel Number
58-781-0010
Land Assessment
$1,190,300
Improvements Assessment
$4,434,200
Total Assessment
$5,624,500
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