1447-1628 Patterson Loop - Apartments FOR SALE


Fergus Falls, MN 56537
$2,400,000 USD
701-478-7600
1447-1628 Patterson Loop, Fergus Falls, MN for Sale
$2,400,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1447-1628 Patterson Loop
Fergus Falls, MN 56537


OVERVIEW

Discover a timeless investment opportunity at 1447 and 1628 Patterson Loop, Fergus Falls, MN. This historic property consists of two buildings, offering a total of 31 meticulously designed units. Originally constructed in 1920 and beautifully restored in 2017 through the Historic Tax Credit program, the buildings showcase a perfect blend of classic charm and modern convenience. This complete restoration, down to the bare walls, includes new wiring, plumbing, tuck-pointed brick, HVAC, sprinklers, kitchen, bath, and flooring. The steel frame construction adds to the property's durability, making it a rare find in today's market. Designed by renowned architect Clarence H. Johnston, this property offers a rare opportunity for the astute multifamily investor to own a piece of history while enjoying the rewards of a fully modernized investment.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

31

PRICE/UNIT

$77,419

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campus View Historic Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,659 SF

ZONING

-

APN/PARCEL ID

71003991877000

ASK ABOUT THIS PROPERTY

David SchlossmanHorizon Real Estate GroupMore Info
701-478-7600

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David SchlossmanHorizon Real Estate GroupMore Info
701-478-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.