4076 Tower Street 101, Saint Bonifacius, 55375

Commercial Sale - Apartment For Sale in Cic 1423 Everwood Condo

$1,750,000

Beds
Baths
Sqft
1.06Acres
18Garages
1982Built
18DOM
MLS® #: 6140033
Pending, 18 Days on Market

Listing confidential to residents of this multi-family offering. Fully assembled (18) unit condo/apt complex avail FOR SALE. Great investment opportunity in growing St. Bonifacius w/many area amenities. Roof is approx. (4) yrs old, new washer & dryer, & new water softener. Tenants pay their own elec. for heat & A/C. Restrooms have been updated w/ new tile & new tub/shower faucets. Units are in good condition w/a variety of recent updates to flooring, counters, & appliances. Gross income at $850 per 2-bdrmr & $750 per 1-bdrm is $182,400. Investment Analysis: Gross Rental Rev.: $182,400, Laundry Room Rev.: $4,800, Gross Rev.*: $187,200, Expenses: ($45,867), Structural Reserve at $.25 psf: ($3,694), Vacancy Factor at 5%: ($9,120), Utilities Vacancy at 5%: ($540), Net Operating Income (NOI): $127,979/ 7.31% CAP Rate. * Currently (2) units are vacant (118 & 112). Seller is planning to lease (1),& leave (1) open for showings. Most spaces are currently MTM, but can be extended by new Owner.

Essential Information

MLS® #: 6140033
Price: $1,750,000
Bathrooms: 0.00
Acres: 1.06
Year Built: 1982
Type: Commercial Sale
Sub-Type: Apartment
Style: Apartment
Status: Pending

Community Information

Address: 4076 Tower Street 101
Subdivision: Cic 1423 Everwood Condo
City: Saint Bonifacius
County: Hennepin
State: MN
Zip Code: 55375

Amenities

Amenities: Coin-op Laundry Owned
# of Garages: 18
Garages: Detached,Open

Interior

Appliances: Range,Microwave,Dishwasher,Refrigerator,Water Softener Owned,Freezer
Heating: Baseboard
Cooling: Window Unit(s)

Exterior

Lot Description: Tree Coverage - Light
Roof: Asphalt
Construction: Vinyl Siding

School Information

District: Waconia

Additional Information

Days on Market: 18
Zoning: Residential-Multi-Family

Listing Details

Listing Office: Summerhill Commercial Real

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on January 19th, 2022 at 1:35am CST.