City Centre Condos Units 329-336 | 109 E Luverne St
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City Centre Condos Units 329-336 109 E Luverne St
8 Unit Apartment Building $459,000 ($57,375/Unit) Luverne, MN 56156
Investment Highlights
- Unique renovated school building
- Shared laundry, basketball court & community room
- Updated units
Executive Summary
Don’t miss this prime investment opportunity to own within the City Centre Condo building, located in the heart of Luverne! This offering includes 8 units on the 3rd floor of the beautifully renovated historic school building, featuring unique residential spaces and a full-size gymnasium for recreation. The well-maintained property boasts spacious yard areas, a community room for events and gatherings, shared coin laundry, and elevator access to all upper floors. The units include a mix of 1.5 & 2-bedrooms. Ideally situated near local restaurants, shops, businesses, Luverne City Park, and the Rock River.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $459,000 | Building Class | C |
| Price Per Unit | $57,375 | Lot Size | 2.21 AC |
| Sale Type | Investment | Building Size | 75,000 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2000 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $459,000 |
| Price Per Unit | $57,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.21 AC |
| Building Size | 75,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2000 |
| Parking Ratio | 0.85/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1655 | $860.00 | 744 - 984 |
| 1+1 | 1005 | $770.00 | 734 - 1,057 |
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zoning
| Zoning Code | D (Downtown) |
| D (Downtown) |
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City Centre Condos Units 329-336 | 109 E Luverne St
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