1447 and 1628 Patterson Loop
- 2 Buildings Totaling 32,736 SF
- Steel Frame Construction
- 31 Units Built in 1920
- Renovated Down To Bare Walls In 2017
- New Wiring
- New Plumbing
- Newly Tuck-Pointed Brick
- New HVAC
- New Roof
- Designed by Renowned Architect Clarence H. Johnston
Property Description
Discover a timeless investment opportunity at 1447 and 1628 Patterson Loop, Fergus Falls, MN. This historic property consists of two buildings, offering a total of 31 meticulously designed units. Originally constructed in 1920 and beautifully restored in 2017 through the Historic Tax Credit program, the buildings showcase a perfect blend of classic charm and modern convenience. This complete restoration, down to the bare walls, includes new wiring, plumbing, tuck-pointed brick, HVAC, sprinklers, kitchen, bath, and flooring. The steel frame construction adds to the property's durability, making it a rare find in today's market. Designed by renowned architect Clarence H. Johnston, this property offers a rare opportunity for the astute multifamily investor to own a piece of history while enjoying the rewards of a fully modernized investment.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,400,000 |
| No. of Units: | 31 |
| Year Built: | 1920 |
| Lot Size: | 2.51 Acres |
| Opportunity Zone: | No |
| Price per unit: | $77,419 |
| Property Website | Click Here |
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