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
Contract Information
Status: Closed
Off Market Date: 2022-09-15
Current Price: 1250000
Closed Date: 2022-10-12
Sales Close Price: 1250000
Contingency: None
ListPrice: 1400000
List Date: 2022-07-03
Owner is an Agent?: No
Auction?: No
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: 0.95
Lot Dimensions: 122 X 44
Location Tax and Other Information
House Number: 915
Street Name: 7TH
Street Suffix: Street
Unit Number: 2-7
Postal City: Jordan
County: Scott
State: MN
Zip Code: 55352
Complex/Dev/Subdivision: Cic 1128 Jordan Greenleaf Cond
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
Lease Amount Type: Monthly
Miscellaneous Information
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 Air
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