Your email has been sent.
11038 183rd Cir NW
Elk River, MN 55330
55+ 1 Level Rental Community · Flex Property For Sale
Investment Highlights
- Individual PIDs
- Solid Tenant Base
- 2020 Built
Executive Summary
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.
Property Facts
| Total Building Size | 11,540 SF | Typical Floor Size | 11,540 SF |
| Property Type | Multifamily (Condo) | Year Built | 2020 |
| Floors | 1 | Lot Size | 1.78 AC |
| Zoning | Residential | ||
| Total Building Size | 11,540 SF |
| Property Type | Multifamily (Condo) |
| Floors | 1 |
| Typical Floor Size | 11,540 SF |
| Year Built | 2020 |
| Lot Size | 1.78 AC |
| Zoning | Residential |
1 Unit Available
Unit 8
| Unit Size | 11,536 SF | Cap Rate | 5.95% |
| Condo Use | Flex | NOI | $214,314.29 CAD |
| Sale Type | Investment |
| Unit Size | 11,536 SF |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| NOI | $214,314.29 CAD |
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.
+12 More
29_11038183rdCircle_2029_Custom_Resized_434283882_1024x768zip_1024x768
27_11038183rdCircle_2027_Custom_Resized_434283882_1024x768zip_1024x768
16_11038183rdCircle_2016_Custom_Resized_434283882_1024x768zip_1024x768
15_11038183rdCircle_2015_Custom_Resized_434283882_1024x768zip_1024x768
07_11038183rdCircle_2007_Custom_Resized_434283882_1024x768zip_1024x768
09_11038183rdCircle_2009_Custom_Resized_434283882_1024x768zip_1024x768
06_11038183rdCircle_2006_Custom_Resized_434283882_1024x768zip_1024x768
08_11038183rdCircle_2008_Custom_Resized_434283882_1024x768zip_1024x768
10_11038183rdCircle_2010_Custom_Resized_434283882_1024x768zip_1024x768
13_11038183rdCircle_2013_Custom_Resized_434283882_1024x768zip_1024x768
14_11038183rdCircle_2014_Custom_Resized_434283882_1024x768zip_1024x768
Interior Photo
Interior Photo
19_11038183rdCircle_2019_Custom_Resized_434283882_1024x768zip_1024x768
21_11038183rdCircle_2021_Custom_Resized_434283882_1024x768zip_1024x768
23_11038183rdCircle_2023_Custom_Resized_434283882_1024x768zip_1024x768
24_11038183rdCircle_2024_Custom_Resized_434283882_1024x768zip_1024x768
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,983 CAD | 1,442 |
