15244 Douglas Avenue Thief River Falls, MN ^$ 450,000

15244 Douglas Avenue

^$ 450,000

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15244 Douglas Avenue

Thief River Falls, MN, 56701

^$ 450,000

Studio Baths0.0 Sq 3,936

Monthly Estimate*

^$ 3,143

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 1

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 2

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 3

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 4

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 5

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 6

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 7

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 8

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 9

15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 10

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15244 Douglas Avenue, Thief River Falls, MN 56701 - Image 12

Studio

Commercial Property for sale in Thief River Falls, MN

for $450,000. This 3,936 square foot building was built in 1976.

10 plex apartment building for sale. (1) 2 bedroom and (9) 1 bedroom, all with 1 full bath. No vacancies. Currently offered at a 10% cap rate.

Commercial Active

Price

^$ 450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,604

Style

Apartment

Year Built

1976

Town/City

Thief River Falls

County/Region

Pennington

MLS | Web ID

6371042

Features

General

Sewer Mound Septic

Heating Baseboard

Cooling None

Utilities Electric Separate

Roof Architecural Shingle

Appliances Electric Water Heater Range Refrigerator

Garage Spaces 0

Construction Materials Fiber Board Vinyl Siding

Year Built 1976

Tenant Pays None

Topography Level

Levels One

Property SubType Apartment

Tax Year 2023

Current Use Residential

Gross Income 82800

Accessibility None

County Pennington

Net Operating Income 56880.15

Operating Expense 25919.85

Insurance Expense 7410.54

Property Type Commercial Sale

Association Amenities None

Contingency None

Subdivision Name Aasebys Second Sub

Directions Go South on Hwy 59 and turn West just before the theater

City Thief River Falls

Buyer Agent Compensation 3.15

High School District Thief River Falls

Zoning Description Residential-Multi-Family

Total Units 10

Street Name Douglas

Land Lease Y/N N

Tax Annual Amount 1604

Electric Expense 9657

Fuel Expense 1919.4

Trash Expense 1837.44

Water Sewer Expense 2000

Additional Parcels Y/N N

Days on Market 282

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Crawl Space

Basement (Y/N) N

Street Suffix Avenue

Fuel Electric

Garage Dimensions 0

Garage Door Width 0

Garage Square Feet 0

Exterior

Parking Features Gravel

Lot Features Additional Land Available

Water Source Drilled Shared System Well

Inclusions Building Business Assets Inventory Land Leases

Building Area Total 3936

Lot Dimensions 200X219

Lot Size Units Square Feet

Foundation Area 4328

Road Frontage Type Township

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 15244

* Excluded Features

List By

Better Homes And Gardens Real Estate First Choice

Broker

connor.mcnallan@gmail.com

Affordability Calculator

$3,277

Per Month

Monthly Principal & Interest: $3,143
Monthly Property Taxes: $134
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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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Nearby

Trends
Schools

Commerical listings in Thief River Falls, MN

Average List Price ^$523,000

Percent of Sale Price 16%

About Thief River Falls, MN

9,094 Population

8% Since 2002

^$46,800 Median Income

38.72 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3226809 Elementary School

3226814 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/21/2024	$450,000	-20.35%	Price Down
5/15/2023	$565,000		Listed Price

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15244 Douglas Avenue, Thief River Falls, MN, 56701 is a Commercial Property for sale at $450,000 with 3,936 sqft. 15244 Douglas Avenue is a studio with 0.0 baths and was built in 1976. The property's zip code is 56701 which is in Thief River Falls, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/7/2024.

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15244 Douglas Avenue

Commercial Property for sale in Thief River Falls, MN

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