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Iron Range MN Portfolio

2 Multifamily Properties in Multiple Locations

INVESTMENT HIGHLIGHTS

  • Located in Northern MN, 80 miles from Duluth
  • Upside potential in combined operational efficiencies
  • Excellent REAC and INSPIRE scores

EXECUTIVE SUMMARY

64 total units across two communities.
Each community is covered under individual Project-Based Section 8 HAP Contracts.
Properties are fully occupied with waitlists.
Each property in the process of getting a new roof.

ATTACHMENTS

MN - Iron Range - HAP Portfolio - Flyer

TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access

ANNUAL
Gross Rental Income $99,999
Other Income -
Vacancy Loss -
Effective Gross Income $99,999
Taxes -
Operating Expenses -
Total Expenses $99,999
Net Operating Income $99,999

TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $99,999
Taxes
Annual -
Operating Expenses
Annual -
Total Expenses
Annual $99,999
Net Operating Income
Annual $99,999

PROPERTY FACTS

Sale Type Investment Individually For Sale 0
Status Active Total Building Size 54,009 SF
Number of Properties 2 Total Land Area 1.98 AC
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 54,009 SF
Total Land Area 1.98 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Condor Apartments- Section 8 community
400 Rajala Mill Rd, Bigfork, MN 56628 		Multifamily 17,834 SF - -
Deering Manor Apartments
201 3rd St, Nashwauk, MN 55769 		Multifamily 36,175 SF 1978 -
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(331) 307-7194

CONTACTS

  • Listing ID: 32557680

  • Date on Market: 23/07/2024

  • Last Updated:

  • Address: Iron Range MN Portfolio, Bigfork, MN

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Iron Range MN Portfolio portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 1 of 8
400 Rajala Mill Rd
Iron Range MN Portfolio portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 2 of 8
400 Rajala Mill Rd
Iron Range MN Portfolio portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 3 of 8
400 Rajala Mill Rd
Iron Range MN Portfolio portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 4 of 8
400 Rajala Mill Rd
Iron Range MN Portfolio portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 5 of 8
400 Rajala Mill Rd
Iron Range MN Portfolio portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 6 of 8
201 3rd St
Iron Range MN Portfolio portfolio of 2 properties for sale on LoopNet.co.uk Building Photo- Image 7 of 8
201 3rd St

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Iron Range MN Portfolio
(331) 307-7194 x

Iron Range MN Portfolio

1/2

Monica Danek

(331) 307-7194

(331) 307-7194

Neal Wolf

(630) 335-4495

(630) 335-4495

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