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$450,000 For Sale

23038 Rum River Boulevard NW
Saint Francis, MN 55070

3 units |

1.34 acre lot
Commercial: Commercial - MLS# 4745675
Property Photo
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Description

This property is located across the street from the St. Francis High School. Property has been totally filled since it was acquired in 2006 and totally renovated. Cap rate is at 8.1. There is a 57 space tarred parking lot as well as green space for other buildings. Other land west available also. Building is very efficient with foamed wall insulation thru-out. Renters are at month to month in case buyer wants to occupy. Will consider contract for deed with 20% down payment and good credit.

Features

  • Accessibility: Stair Chair Lift
  • Acres: 1.3400
  • Air Conditioning: Central
  • Amenities - Shared: Security Building
  • Annual Electric Expense: 1642
  • Annual Fuel Expense: 554
  • Annual Gross Expense: 12375.00
  • Annual Insurance Expense: 1462
  • Annual Maintenance Expen: 764
  • Annual Net Income: 37825.00
  • Annual Rent 1: 12000
  • Annual Rent 2: 6000
  • Annual Rent 3: 31200
  • Annual Repair Expense: 459
  • Annual Water/Sewer Expen: 1504
  • Appliances: Microwave, Refrigerator
  • Building Finished Square: 3672
  • County/Area: Anoka County
  • Exterior: Vinyl, Brick/Stone
  • Foundation Size: 2028
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Listing Status: Active
  • Lot Dimensions: 147X398 Ft
  • MLS ID: RMLS
  • Number Of Units 1: 1
  • Number Of Units 2: 1
  • Number Of Units 3: 1
  • Number Of Units 7: 1
  • Other Parking Spaces: 53
  • Parking Characteristics: Driveway - Asphalt
  • Postal City: Saint Francis (Mn)
  • Property Type: Commercial
  • Sale Includes: Building
  • School District: 15 - St. Francis
  • Sewer: City Sewer/Connected
  • Sub Type: Commercial
  • Tenant Expenses: Trash
  • Total Annual Expenses: 10750
  • Total Annual Income: 49200
  • Total Monthly Income: 4100
  • Units: 3
  • Water: City Water/Connected
  • Year Built: 1970
  • Zip Code: 55070
  • Zoning: Business/Commercial

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Larry Anderson  | RE/MAX Results | Phone: 763-360-4551 | Email Me
Saint Francis, MN 55070