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City Centre Condos Units 101-336 109 E Luverne St 32 Unit Apartment Building £1,315,702 (£41,116/Unit) Luverne, MN 56156
Investment Highlights
- Unique renovated school building
- Shared laundry, basketball court & community room
- Updated units
Executive Summary
Discover the City Centre condominium complex, a prime 32-unit complex in the vibrant heart of Luverne! Once an original school building, this property has been masterfully transformed into distinctive residential units, complete with a full court gymnasium for recreation year-round. The well-maintained building features a spacious outdoor yard, a community room for events and gatherings, a shared coin laundry room and elevator access to upper floors. Offering a variety of 1, 2, and 3-bedroom units, this property is an attractive investment. Buyer financing is available. Located conveniently near restaurants, shops, businesses, Luverne City Park and the Rock River, this is an opportunity you don’t want to miss!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per sq ft |
|---|---|---|
| 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 sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
Property Facts Under Offer
| Price | £1,315,702 | Costar Property Class | C |
| Price Per Unit | £41,116 | Total Plot Size | 2.21 ac |
| Sale Type | Investment | Property Size | 75,000 sq ft |
| No. Units | 32 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built/Renovated | 1925/2000 |
| Property Subtype | Apartment | Parking Allocation | 2.56/1,000 sq ft |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Use Class | D - Downtown | ||
| Price | £1,315,702 |
| Price Per Unit | £41,116 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 2.21 ac |
| Property Size | 75,000 sq ft |
| No. Floors | 3 |
| Year Built/Renovated | 1925/2000 |
| Parking Allocation | 2.56/1,000 sq ft |
| Opportunity Zone |
Yes |
| Use Class | D - Downtown |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Basketball Court
- Lift
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| 2+1 | 1655 | £646.57 | 744 - 984 |
| 1+1 | 1005 | £578.91 | 734 - 1,057 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | £387,418 (2025) | |
| Land Assessment | £27,743 (2025) | Total Assessment | £415,161 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
£27,743 (2025)
Improvements Assessment
£387,418 (2025)
Total Assessment
£415,161 (2025)
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City Centre Condos Units 101-336 | 109 E Luverne St
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