Tom Engel - Managing Broker

Tom Engel - Managing Broker

(763) 416-2423



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11024-11038 183rd Circle Nw, Elk River, MN 55330

$2,500,000
MLS# 7037372
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Tom Engel - Managing Broker

Tom Engel - Managing Broker
Call: (763) 416-2423

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Mulvaney Point Twin Homes
SCHOOL: Elk River
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Property 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.

11024-11038 183rd Circle Nw | MLS# 7037372

This commercial property located at 11024-11038 183rd Circle Nw, Elk River, MN 55330 is currently listed for sale with an asking price of $2,500,000. 11024-11038 183rd Circle Nw is located within the Elk River school district. Search Elk River real estate on tengel.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Natural Gas
Garage: 2
Heating: Forced Air
Lot Size: 1.78 Acres
Roof Type: Age 8 Years or Less, Asphalt, Pitched
Stories: 1.0
Taxes: $30,528
Year Built: 2020

Feature Descriptions

Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Basement: None
Current Use: Residential
Days on Site: 39
Foundation Size: 1442
Handicap Accessible: No Stairs External, No Stairs Internal
Lot: Tree Coverage - Medium
Lot Dimensions: 211x302x391x339
Owners Expense: Common Area Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Roof Maintenance, Snow Removal, Taxes
Parcel#: 75009040105
Parking: Attached Garage, Asphalt, Insulated Garage, Paved Lot
Road Frontage: City Street, Cul De Sac, Paved Streets
Sale Includes: Building, Land, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: All Utilities
Units: 8
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: City Water/Connected

Local Schools

School District: Elk River

Listed By / Shown By

Listed By

Shown By

Agent Name: Tom Engel - Managing Broker
Agent Phone: (763) 416-2423
Agency Title: Counselor Realty

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