Elk River, MN 55330 11024-11038 183rd Circle NW
$2,650,000
17 more
Presented By: Acuity Group
Beds • 16
Baths • 16
SQFT • 1,442
Garage • 2
Home Details
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.
Presented By: Acuity Group
Interior Features for 11024-11038 183rd Circle NW
Bedrooms
Total Bedrooms16
Bathrooms
Total Baths16
Other Interior Features
BasementNone
Basement (Y/N)No
Ceiling Height8-10
FuelNatural Gas
Garage Door Width7
Garage Square Feet450
General for 11024-11038 183rd Circle NW
AccessibilityNo Stairs External, No Stairs Internal
Additional Parcels Description75009040110, 75009040115, 75009040120, 75009040125, 75009040130, 75009040135, 75009040145, 75009040140
Additional Parcels Y/NYes
Amenities UnitCeiling Fan(s), Kitchen Center Island, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Other, Patio, Paneled Doors, In-Ground Sprinkler, Washer/Dryer Hookup
AppliancesAir-To-Air Exchanger, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
CityElk River
ContingencyNone
CoolingCentral Air
CountySherburne
Current UseResidential
DirectionsHwy 169 to East on Main St (Cty Rd 12). Left on Line Ave. Right on 183rd Circle to cul-de-sac.
Garage Spaces2
Gross Income210720
HeatingForced Air
High School DistrictElk River
Insurance Expense9530
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
MaintenanceExpense7000
Net Operating Income157720
New ConstructionNo
Number Of Units Total8
Operating Expense53000
OwnerPaysCommon Area Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Roof Maintenance, Snow Removal, Taxes
Pool FeaturesNone
Possible UseIncome, Medical/Dental
PostalCityElk River
Property TypeCommercial Sale
RoofAge 8 Years or Less, Asphalt, Pitched
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMulvaney Point Twin Homes
Tax Annual Amount30528
Tax Year2026
Tenant PaysAll Utilities
TopographyLevel
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Water Sewer Expense1500
Year Built2020
Zoning DescriptionResidential-Single Family
Exterior for 11024-11038 183rd Circle NW
Building Area Total1442
Foundation Area1442
InclusionsBuilding, Land, Rental License
Lot Dimensions211x302x391x339
Lot FeaturesTree Coverage - Medium
Lot Size Area1.78
Parking FeaturesAttached Garage, Asphalt, Insulated Garage, Paved Lot
Road Frontage TypeCity Street, Cul De Sac, Paved Streets
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent