915 7TH Street, 2-7, Jordan, MN 55352 (MLS# 6229940)

$1,250,000
915 7TH Street, 2-7
Jordan, MN 55352
MLS# 6229940
Status: Closed

915 7TH Street, 2-7, Jordan, MN 55352
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Property Description
10 town home units for sale in 19-unit complex. All 2-level with 2 bedrooms, 1 bath, 1 garage stall and 2 surface parking spaces. All rented with rents ranging from $1065 - $1250. Opportunity for rent increases. Units have a wash/dryer, central-air and private patios. Each unit has a forced air furnace and hot water heater. Built in 2000, many units have had many updates. Association dues are $240/month. Association has a significant cash reserve to cover cost of any capital improvement. Located in the south end of Jordan, MN just off Hwy 169. VERY WELL MAINTAINED PROPERTY IN A GREAT TOWN.

Details
Maps
Documents
None
Allow Auto Valuation: No
Allow Consumer Comment: No
MLSID: RMLS
Contract Information
Status: Closed
Off Market Date: 2022-09-15
Current Price: $1,250,000
Closed Date: 2022-10-12
Sales Close Price: 1250000
Original List Price: 1400000
Contingency: None
ListPrice: 1400000
List Date: 2022-07-03
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 20
Owner Occupied: No
Year Built: 2000
Yearly/Seasonal: Yearly
Zoning: Other
Foundation Size: 4430
Garage Stalls: 10
For Sale or Lease: For Sale
Acres: 0.96
Lot Dimensions: 122 X 44
Assessment Pending: No
Location, Tax and Other Information
Legal Description: SECTION 18 TOWNSHIP 114 RANGE 023 SUBDIVISIONNAME CIC 1128 JORDAN GREENLEAF CONDOMINIUMS LOT COM BLOCK ELE SUBDIVISIONCD 22070 COMMON ELEMENT
Map Page: 173
Municipality: Jordan
Rental License?: Yes
School District Phone: 952-492-6200
Map Coordinate Source: King's Street Atlas
House Number: 915
Street Name: 7TH
Street Suffix: Street
Unit Number: 2-7
Postal City: Jordan
County: Scott
State: MN
Zip Code: 55352
Zip Plus 4: 7560
Property ID Number: 220700200
Complex/Dev/Subdivision: Cic 1128 Jordan Greenleaf Cond
Tax Year: 2022
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 10 town home units for sale in 19-unit complex. All 2-level with 2 bedrooms, 1 bath, 1 garage stall and 2 surface parking spaces. All rented with rents ranging from $1065 - $1250. Opportunity for rent increases. Units have a wash/dryer, central-air and private patios. Each unit has a forced air furnace and hot water heater. Built in 2000, many units have had many updates. Association dues are $240/month. Association has a significant cash reserve to cover cost of any capital improvement. Located in the south end of Jordan, MN just off Hwy 169. VERY WELL MAINTAINED PROPERTY IN A GREAT TOWN.
Directions: US-169 South to Quaker Ave to 915 7th Street - (0.5 mi)
Additional Parcels Information
Property ID #2: 220700020
Property ID #3: 220700030
Building Information
Building Finished SqFt: 8860
Building SqFt: 8860
Income and Expenses
Annual Gross Expenses: 55242
Annual Gross Income: 142320
Annual Insurance Expense: 4270
Annual Maintenance Expense: 5000
Annual Net Income: 82809
Annual Repair Expense: 2500
Total Annual Expenses: 55242
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27139
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 10 x22
Garage Square Feet: 220
Public Survey Info
Range#: 23
Section#: 18
Township#: 114
Sale Options
Sale Includes: Other,Rental License
Unit 2
No. of 2 Bedroom Units: 10
Unit Details
Total Units: 10
Property Features
Accessible: None
Air Conditioning: Central
Amenities Unit: Kitchen Window; Patio
CMU Style: Apartments/Multi Family; Other
Construction Status: Previously Owned
Current Use: Residential
Exterior: Vinyl
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
Lease Details: Other
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Detached Garage; Driveway - Asphalt
Rental License Type: Standard
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Fuel; Water
Water: City Water/Connected

Listing Office: Metro Group Real Estate

Last Updated: January - 31 - 2024

915 7TH Street, 2-7, Jordan, MN 55352 - MLS# 6229940
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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