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Rum River Square Apartments 3040 Bridge St NW 21 Unit Apartment Building $3,346,800 CAD ($159,371 CAD/Unit) 6.74% Cap Rate Saint Francis, MN 55070
Investment Highlights
- 21 well-maintained 1-bedroom units
- Separate electric meters and electric subpanels in each unit
- Boiler heat in units; forced-air heat in hallways
- Built in 1990 with quality brick construction
- Large walk-in closets in all units
- Tenant-owned wall A/C units
Executive Summary
21-unit brick apartment building at 3040 Bridge St NW, St. Francis, MN. Built in 1990, it features all 1-bedroom units, in-building coin laundry, 12 detached garage spaces, and 25 surface parking spaces. Well-maintained with a mix of asphalt roofing and lap siding, offering strong rental appeal in a growing community. 3040 Bridge St NW in St. Francis, MN, offers a prime location in a growing community just 30 miles north of Minneapolis. This property is situated near the heart of St. Francis, providing easy access to local amenities, including schools, parks, and retail options, making it attractive for renters.
Property Facts
| Price | $3,346,800 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $159,371 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.85 AC |
| Cap Rate | 6.74% | Building Size | 16,192 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Price | $3,346,800 CAD |
| Price Per Unit | $159,371 CAD |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.85 AC |
| Building Size | 16,192 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.79/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 624 |
| 2+1 | 12 | - | 600 - 700 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 33-34-24-33-0050 | Improvements Assessment | $3,838,865 CAD |
| Land Assessment | $331,364 CAD | Total Assessment | $4,170,229 CAD |
Property Taxes
Parcel Number
33-34-24-33-0050
Land Assessment
$331,364 CAD
Improvements Assessment
$3,838,865 CAD
Total Assessment
$4,170,229 CAD
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Rum River Square Apartments | 3040 Bridge St NW
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