$1,750,000
$1,950,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
1205 S Sibley AVE Litchfield, MN 55355
2.33 Acres Lot
Key Details
Sold Price $1,750,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6321832
Sold Date 07/05/23
Year Built 2010
Annual Tax Amount $14,304
Tax Year 2022
Contingent None
Lot Size 2.330 Acres
Acres 2.33
Lot Dimensions 350x283
Property Description
Beautifully renovated and cash-flowing multi-family building in Litchfield! On-site caretaker, local management and leasing, major capital improvements, recent renovations, and diverse unit mix make this the perfect hands-off investment opportunity. Comprised of two buildings, all 31 units at Lake Ripley Apartments are occupied by grade "A" tenants. Current owners have completed major renovations including, but not limited to: in-unit rehabs including flooring, fixtures, appliances, kitchens, and bathrooms; exterior rehab including full exterior paint, landscaping, and signage; capital expenditures including a new security system with online integration, new common areas with washers, dryers, and coin machines, sump pump, radon mitigation, and full electrical updates.
Location
State MN
County Meeker
Zoning Residential-Multi-Family
Rooms
Basement Block, Partially Finished
Interior
Heating Forced Air
Cooling Central Air, Wall Unit(s)
Fireplace No
Appliance Cooktop, Microwave, Range, Refrigerator, Water Softener Owned
Exterior
Parking Features Gravel, Storage, Open
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Age 8 Years or Less,Asphalt
Present Use Other
Building
Story Two
Foundation 9480
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone,Vinyl Siding,Wood Siding
Schools
School District Litchfield
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