3040 Bridge St NW - Apartments FOR SALE


Saint Francis, MN 55070
$2,400,000 USD
320-253-0003
3040 Bridge St NW, Saint Francis, MN for Sale
$2,400,000 USD
Apartments - FOR SALE
1/2
null | 6.74% Cap Rate

3040 Bridge St NW
Saint Francis, MN 55070


HIGHLIGHTS

  • 21 well-maintained 1-bedroom units
  • Built in 1990 with quality brick construction
  • Separate electric meters and electric subpanels in each unit
  • Large walk-in closets in all units
  • Boiler heat in units; forced-air heat in hallways
  • Tenant-owned wall A/C units

OVERVIEW

21-unit brick apartment building at 3040 Bridge St NW, St. Francis, MN. Built in 1990, it features all 1-bedroom units, in-building coin laundry, 12 detached garage spaces, and 25 surface parking spaces. Well-maintained with a mix of asphalt roofing and lap siding, offering strong rental appeal in a growing community. 3040 Bridge St NW in St. Francis, MN, offers a prime location in a growing community just 30 miles north of Minneapolis. This property is situated near the heart of St. Francis, providing easy access to local amenities, including schools, parks, and retail options, making it attractive for renters.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

21

PRICE/UNIT

$114,286

CAP RATE

6.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rum River Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

33-34-24-33-0050

ASK ABOUT THIS PROPERTY

Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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