2011 6th Ave. Hibbing MN 55746 | MLS 132732

2011 6th Ave.
Hibbing, MN, 55746
$215,000
Beds
Baths
10,260 SqFt
0 Acres
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According to local lore, the historic Oliver Apartments was built in 1920 by the Oliver Mining Company as housing for its foremen. Apartments are spacious and quite lovely. Original character is mostly intact including original lighting, radiators, hardwood floors and vintage bathroom tile flooring. Rental history is very good. The beginnings of new electric meters and service panels have been stubbed in. An additional investment would create the possibility of separating electrical accounts to shift responsibility from owner to tenant. This property is an excellent candidate for local grant and low interest loan programs to improve energy efficiency potentially lowering utility costs significantly. Gas lines are also separated, enabling potential of separate gas accounts for each unit. With separate parcel numbers and property tax bills, future conversion to Condominiums or Co-ops may be facilitated. Lots of possibilities!!!

Property Details

Price:
$215,000
MLS #:
132732
Status:
Active
Address:
2011 6th Ave.
Type:
Multi Family
City:
Hibbing
Listed Date:
Jan 2, 2018 (112 days)
State:
MN
Square Ft (approx):
10,260
ZIP:
55746
Year Built:
1920

Interior

COOLING
None
HEATING
Steam

Exterior

EXTERIOR
Partial Brick
LAUNDRY/STORAGE
Extra Storage, Washer/Dryer
PARKING
Parking Area, Five to Ten Cars

Financial

UTILITIES
City Sewer,City Water,Gas,Steam

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disclosure
Courtesy of The Oliver Housing Co. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Minnesota – Range Association of REALTORS. Detailed information about real estate listings held by brokerage firms other than Island View Realty include the name of the listing broker. Neither the listing company nor Island View Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2018. Minnesota – Range Association of REALTORS. All rights reserved.
, MN