Fergus Falls Apartments - Historic Charm With Complete Restoration

Investment Overview

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.

Investment Highlights

• 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