11038 183rd Cir NW - Multi-Family CONDO FOR SALE


Elk River, MN 55330- Clemens & Munsinger Gardens
$2,650,000 USD
612-242-1653
11038 183rd Cir NW, Elk River, MN for Sale
$2,650,000 USD
Multi-Family CONDO - FOR SALE
1/17
null | 5.95% Cap Rate

11038 183rd Cir NW
Elk River, MN 55330
Clemens & Munsinger Gardens


HIGHLIGHTS

  • Individual PIDs
  • 2020 Built
  • Solid Tenant Base

OVERVIEW

55+ 1-Level rental community built in 2020.  Hard to find investment opportunity.  Community consists of 4 twin homes (8 units).  Each unit has a separate PID to provide for residential v.s commercial property tax rate and ease of forming association if owner wanted to sell units individually.  Units boast a great floorplan and are well appointed.  Very stable and loyal tenant base that have been taking great care of their respective units.  Conveniently located on a quiet cul-de-sac and close to local shopping and the Hwy 101/169 corridor.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

5.95%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

55+ 1 Level Rental Community

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

11,540 SF

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

Residential

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dustin HeggemAcuity GroupMore Info
612-242-1653

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Dustin HeggemAcuity GroupMore Info
612-242-1653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.