501 Quadna Rd - Apartments FOR SALE


Hill City, MN 55748
$7,975,000 USD
612-308-2967
501 Quadna Rd, Hill City, MN for Sale
$7,975,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

501 Quadna Rd
Hill City, MN 55748


HIGHLIGHTS

  • 40 individually titled Lakeshore resort condominiums. Tons of amenities. investor/buyer my rent long-term or short term.

OVERVIEW

Low down(10%), low interest(4.99%) owner financing available on this prime, redeveloped Lakeshore condo resort in Northern Minnesota. A total of 40 individually titled, free and clear condos available. Tons of amenities. Short term and long-term rental strategy possible for owner/investor.Maximize return with planned sales strategy. Fractional ownership sales allowed to increase return. Plus bonus 8 acres of Lakeshore available for future development.

FOR SALE DETAILS

PRICE

$7,975,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

40

PRICE/UNIT

$199,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golf Shores Resort Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

131.5 AC

LAND SF

5,728,140 SF

ZONING

Residential

APN/PARCEL ID

57-0-003002,57-0-003015

ASK ABOUT THIS PROPERTY

Paul BertelsonRenewal Development LLCMore Info
612-308-2967

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Paul BertelsonRenewal Development LLCMore Info
612-308-2967

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