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1647 County Road B W 11 Unit Apartment Building $1,970,228 CAD ($179,112 CAD/Unit) 7.25% Cap Rate Roseville, MN 55113
Investment Highlights
- Newer Roofs
- Newer Windows
- Seller financing
- Newer Hot Water Boiler
Executive Summary
SELLER FINANCING OPPORTUNITY!! This 11-unit, multi-family investment property is a prime value-add asset in the high demand Twin Cities suburb of Roseville, MN. 1647 Co Rd B West is a well-maintained property that consistently attracts long-term tenants due to its unparalleled accessibility and proximity to major retail hubs and both Minneapolis and Saint Paul. The unit mix offers eleven 2-bedroom, 1-bathroom units. The property is situated on a large corner lot with 9 detached garages and plenty of off-street parking. Many major updates have been done over the last 6 years. The water heaters, hot water boiler, and windows were replaced. Slopped rubber membrane roofs installed in 2016/2021. The electrical panels were updated, and all new common area carpeting was installed within the last year. All the heavy lifting has been done. Owner will only sell on a contract for deed which makes this a unique opportunity!!
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$223,858
|
$20.78
|
| Other Income |
$5,953
|
$0.55
|
| Vacancy Loss |
$4,476
|
$0.42
|
| Effective Gross Income |
$225,335
|
$20.92
|
| Taxes |
$30,662
|
$2.85
|
| Operating Expenses |
$51,878
|
$4.82
|
| Total Expenses |
$82,540
|
$7.66
|
| Net Operating Income |
$142,795
|
$13.25
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $223,858 |
| Annual Per SF | $20.78 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,953 |
| Annual Per SF | $0.55 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,476 |
| Annual Per SF | $0.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $225,335 |
| Annual Per SF | $20.92 |
| Taxes (CAD) | |
|---|---|
| Annual | $30,662 |
| Annual Per SF | $2.85 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $51,878 |
| Annual Per SF | $4.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $82,540 |
| Annual Per SF | $7.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $142,795 |
| Annual Per SF | $13.25 |
Property Facts
| Price | $1,970,228 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $179,112 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 7.25% | Building Size | 10,773 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.74 | No. Stories | 3 |
| No. Units | 11 | Year Built/Renovated | 1958/2020 |
| Property Type | Multifamily | Parking Ratio | 3.48/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,970,228 CAD |
| Price Per Unit | $179,112 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.74 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 10,773 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1958/2020 |
| Parking Ratio | 3.48/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Tile Floors
- Hardwood Floors
- Refrigerator
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | $1,701 CAD | 800 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-29-23-44-0241 | Total Assessment | $1,619,130 CAD (2025) |
| Land Assessment | $311,835 CAD (2025) | Annual Taxes | $30,662 CAD ($2.85 CAD/SF) |
| Improvements Assessment | $1,307,296 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
09-29-23-44-0241
Land Assessment
$311,835 CAD (2025)
Improvements Assessment
$1,307,296 CAD (2025)
Total Assessment
$1,619,130 CAD (2025)
Annual Taxes
$30,662 CAD ($2.85 CAD/SF)
Tax Year
2026 Payable 2026
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1647 County Road B W
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