List Search

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

$2,650,000 USD

Multifamily Condo For Sale  •  11,536 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 11,540 SF
  • Lot Size 1.78 AC
  • Year Built 2020
  • Zoning Residential
0 Transit Score
45 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 8 Flex 11,536 SF $2,650,000 USD
  • Unit Size: 11,536 SF
  • Condo Use: Flex
  • Price: $2,650,000 USD
  • Sale Type: Investment
  • Price/SF: $229.72 USD
Description
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.

Description

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.

Highlights

Individual PIDs
2020 Built
Solid Tenant Base

Public Transportation

Commuter RailDriveWalkDistance
Elk River Station (Northstar Corridor - Northstar Commuter Rail) 6 min - 2.1 mi
Ramsey Station & Platform (Northstar Commuter Rail - Metro Transit) 13 min - 8.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: TwoCarGarage
Included in Rent: Yes
Dustin Heggem 612-242-1653 Acuity Group
Dustin Heggem 612-242-1653 Acuity Group