702 7th Street SW Roseau, MN $ 1,799,900
702 7th Street SW
$ 1,799,900
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702 7th Street SW

Roseau, MN, 56751
$ 1,799,900
Baths0.0 Sq 16,032

Monthly Estimate*

$ 11,963

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Studio

Commercial Property for sale in Roseau, MN

for $1,799,900. This 16,032 square foot building was built in 2006 on a lot size of 2.31.

Incredible 24 unit apartment building located in the heart of Roseau, MN. This property is walking distance to the hospital, Polaris and other thriving businesses in the community. It's currently being used for a senior assisted living facility and is fully handicap accessible but that business is not included in the sale. There are 24 units with one bed/one bath and full kitchen layouts along with many common amenities. Some of the shared amenities include a community kitchen, movie/media room, patios with raised garden beds, coin-op laundry and more. This building is in immaculate condition and well maintained over the years. With no needed improvements and many value add opportunities this can make for a one of a kind investment property. Call today to schedule a viewing and discuss future opportunities.

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Commercial Pending

Price

$ 1,799,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 17,737

Style

Apartment

Lot Size

2.31

Year Built

2006

Town/City

Roseau

County/Region

Roseau

MLS | Web ID

6448431

Features
General
Sewer City Sewer/Connected
Heating Boiler Radiant Floor
Cooling Wall Unit(s)
Utilities Heating Common Heating Separate
Roof Asphalt
Garage Spaces 0
Construction Materials Fiber Cement
Year Built 2006
Levels One
Property SubType Apartment
Tax Year 2022
Current Use Residential
Gross Income 210000
Accessibility Fully Wheelchair
County Roseau
Net Operating Income 123000
Operating Expense 87000
Insurance Expense 14000
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned Common Garden Fire Sprinkler System Other Patio
Contingency None
Subdivision Name Klemas 3rd Add
Directions From Highway 89 south of turn west on 7th st sw and travel for .17 miles.
City Roseau
Buyer Agent Compensation 2.00
High School District Roseau
Zoning Description Residential-Multi-Family
Total Units 24
Street Name 7th
Land Lease Y/N N
Tax Annual Amount 17737
Additional Parcels Y/N N
Days on Market 218
Standard Status Pending
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Parking Lot Paved
Water Source City Water/Connected
Inclusions Building Fixture/Equipment
Lot Size Area 2.31
Building Area Total 16032
Lot Dimensions 400x340
Lot Size Units Acres
Foundation Area 16032
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Interior
Basement (Y/N) N
Street Suffix Street
Fuel Natural Gas
Garage Dimensions 0
Garage Square Feet 0
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Internal Only
Street Number 1 702
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* Excluded Features
List By
Reed Realty

Broker

dillonreed@reedrealtymn.com

Email

Affordability Calculator

$13,441
Per Month
89%
11%
0%
Monthly Principal & Interest
$11,963
Monthly Property Taxes
$1,478
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3048446 Elementary School
3048746 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2023$1,799,900 Listed Price

Map


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702 7th Street SW, Roseau, MN, 56751 is a Commercial Property for sale at $1,799,900 with 16,032 sqft and a lot size of 2.31. 702 7th Street SW is a studio with 0.0 baths and was built in 2006. The property's zip code is 56751 which is in Roseau, MN