City Centre Condos Units 101-336 109 E Luverne St 32 Unit Block of Flats £1,319,115 (£41,222/Unit) Luverne, MN 56156







INVESTMENT HIGHLIGHTS
- Unique renovated school building
- Shared laundry, basketball court & community room
- Updated units
EXECUTIVE SUMMARY
Discover the City Centre condominium complex, a prime 32-unit complex in the vibrant heart of Luverne! Once an original school building, this property has been masterfully transformed into distinctive residential units, complete with a full court gymnasium for recreation year-round. The well-maintained building features a spacious outdoor yard, a community room for events and gatherings, a shared coin laundry room and elevator access to upper floors. Offering a variety of 1, 2, and 3-bedroom units, this property is an attractive investment. Buyer financing is available. Located conveniently near restaurants, shops, businesses, Luverne City Park and the Rock River, this is an opportunity you don’t want to miss!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
-
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-
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Operating Expenses |
-
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-
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
![]() |
$9.99
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PROPERTY FACTS Under Contract
Price | £1,319,115 |
Price Per Unit | £41,222 |
Sale Type | Investment |
No. Units | 32 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 2.21 AC |
Building Size | 75,000 SF |
Number of Floors | 3 |
Year Built/Renovated | 1925/2000 |
Parking Ratio | 2.56/1,000 SF |
Opportunity Zone |
Yes |
Zoning | D - Downtown |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Storage Space
- Kitchen
- Fridge
- Oven
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Basketball Court
- Lift
- Multi Use Room
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
---|---|---|---|
2+1 | 1655 | £648.25 | 744 - 984 |
1+1 | 1005 | £580.41 | 734 - 1,057 |
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