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525 Demers Ave
East Grand Forks, MN 56721
Northern Pacific · Multifamily Property For Sale · 36 Units

ATTACHMENTS

summary and NDA

PROPERTY FACTS

No. Units 36
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.88 AC
Building Size 30,998 SF
Average Occupancy 100%
No. Stories 3
Year Built 2014
Parking Ratio 1.29/1,000 SF

AMENITIES

UNIT AMENITIES

  • Microwave
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Island Kitchen
  • Trash Compactor
  • Vinyl Flooring
  • Wheelchair Accessible (Rooms)
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Renters Insurance Program
  • Hearing Impaired Accessible
  • Maintenance on site
  • Online Services
  • Vision Impaired Accessible
  • Public Transportation

ABOUT 525 DEMERS AVE , EAST GRAND FORKS, MN 56721

Property consists of approximately 1.88 acre site improved with a three-story apartment building containing a total of 36 residential rental units which is a combination of 1, 2 and 3 bedroom units. The building was constructed in 2014 of wood frame construction, gypcrete floors, steel siding, pitched asphalt roof, maintenance free windows, elevator and concrete parking lot. All of the units have balconies. On-site parking includes 48 exterior surfaced parking spaces and 24 garage units. Additional common amenities include secure main entrances, mail areas. The heating type is electric baseboard and is paid by tenant. One cooling unit is provided in each apartment unit. Domestic hot water, water and sewer utilities are supplied and paid by the property at no additional costs to the residents. The residential apartment units are separately metered and electrical services are tenant responsibility. The interior finish includes wood frame walls covered with drywall that are taped, textured and painted. The cabinets are maple and the floor covering consists of carpet in the bedrooms and vinyl in the kitchens, living rooms and bathrooms Just on the edge of downtown East Grand Forks in a slightly more residential setting yet connected closely to Demers Avenue and the downtown.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
83.03796.00
Land Assessment
$195,400
Improvements Assessment
$3,830,400
Total Assessment
$4,025,800
  • Listing ID: 4678546

  • Date on Market: 10/21/2016

  • Last Updated:

  • Address: 525 Demers Ave, East Grand Forks, MN 56721

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