500 S 13th Street, Olivia, MN
$674,900 - No Name Lake
49
Beds
49
Baths
31,650
Square feet
3.82
Acres
About 500 S 13th Street
49 total apartment units. 48 one bedroom units, one 2 bedroom unit. 4 buildings total. Three 16 unit buildings. The fourth building includes office , community room and two bedroom apartment. On linear pond to the South. Plenty of off parking. Brand new electric panels in all four buildings. Common laundry rooms in each building. Wall ACs. Close to parks and playground. Two sheds included. Possibly room on property for community gardens. *property needs updating approximately half the units are vacant. A couple+ are gutted. **Affordable housing under a Section 8 contract, that the buyers will need to get 2530 Clearance with HUD- HUD contract til 2035** Sold As is Gross rent is Pro-Forma 3 Roofs in the last 8 -10 years. All the electric panels plus -basically brand new. Conveniently located in town of Olivia.
Features of 500 S 13th Street
| MLS® # | 7018242 |
|---|---|
| Price | $674,900 |
| Bedrooms | 49 |
| Bathrooms | 49.00 |
| Square Footage | 31,650 |
| Acres | 3.82 |
| Year Built | 1993 |
| Type | Commercial |
| Status | Pending |
| Contingency Type | None |
| Lake Name | No Name Lake |
Community Information
| Address | 500 S 13th Street |
|---|---|
| City | Olivia |
| County | Renville |
| State | MN |
| Zip Code | 56277 |
Amenities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|---|
| Parking | Asphalt, Parking Lot, Unassigned, Open |
| View | South |
| Is Waterfront | No |
| Waterfront | Pond |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Baseboard, Radiant |
| Cooling | Wall Unit(s) |
| Fireplace | No |
| Has Basement | No |
| Basement | None |
Exterior
| Lot Description | Property Adjoins Public Land, Tree Coverage - Medium |
|---|---|
| Roof | Age 8 Years or Less, Asphalt, Pitched |
School Information
| District | Bird Island-Olivia-Lake Lillian |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $3,728 |
| Tax Year | 2025 |
| Office | Lentsch Company |
Listing Details
| Office | Lentsch Company |
|---|