Location:Address: 348 Coleman Avenue East
Town/Suburb/City: Eden Valley
Postal code/ZIP: 55329
Details:Asking Price: $418,000.00
Phone Number: 320-333-2692
Excellent investment opportunity!
Hillside Apartments consists of eight 1 bedroom apartments renting for $602 per month. The property is enrolled in the HUD Section 8 project based Affordable Housing program whereby residents paid 30% of their gross income and the remainder is paid by HUD.
- Property specifics are as follows:
- The site is approximately 1 acre in size
- One level property, central hallway
- Building plans are on file
- Roof was re-shingled five years ago
- Parking lot was expanded and overlaid in 2016
- Electric water heaters for each unit and electric heat paid by tenants
- Common coin op laundry room
- Apartments are approximately 600 square feet each
- Triple glazed aluminum sliding windows
- Metal lap siding
- Asphalt shingles
- Lots of green space
- Building is currently professionally managed and is in excellent condition.
- Parcel numbers: 50.30675.0004 and 50.30765.000
- Proposed 2017 taxes $2,842, located in Stearns County