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

$2,500,000

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Listing Details

  • $2,500,000
  • MLS# 7037372
  • Type Commercial - Business
  • Status Active
  • 1.780 acres
    Lot Size
  • 2020
    Year Built
  • Elk River
    Local Schools

Listed By

Agency Name: Acuity Group
Agency Phone: 763-633-3535

Shown By

Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333

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Home Value Estimate


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.

Features

  • Appliances: Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Cooling: Central Air
  • Heating: Forced Air
  • Stories: 1.0
  • Taxes: $30,528
  • Water: City Water/Connected
  • Year Built: 2020

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