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$475,000 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 10.97. 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

  • Zoning: Business/Commercial
  • Property Type: Commercial
  • Postal City: Saint Francis (Mn)
  • Parking Characteristics: Driveway - Asphalt
  • Other Parking Spaces: 53
  • Number Of Units 7: 1
  • Number Of Units 3: 1
  • Number Of Units 2: 1
  • MLS ID: RMLS
  • Miscellaneous Annual Inc: 2320
  • Sale Includes: Building
  • School District: 15 - St. Francis
  • Sewer: City Sewer/Connected
  • Zip Code: 55070
  • Year Built: 1970
  • Water: City Water/Connected
  • Units: 3
  • Total Monthly Income: 5050
  • Total Annual Income: 62920
  • Total Annual Expenses: 10750
  • Tenant Expenses: Trash
  • Sub Type: Commercial
  • Lot Dimensions: 147X398 Ft
  • Listing Status: Active
  • Annual Net Income: 52110.00
  • Annual Maintenance Expen: 764
  • Annual Insurance Expense: 1462
  • Annual Gross Expense: 62920.00
  • Annual Fuel Expense: 554
  • Annual Electric Expense: 1642
  • Amenities - Shared: Security Building
  • Air Conditioning: Central
  • Acres: 1.3400
  • Annual Rent 2: 6000
  • Annual Rent 3: 24000
  • Annual Rent 7: 30600
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Foundation Size: 2028
  • Exterior: Vinyl, Brick/Stone
  • County/Area: Anoka County
  • Building Finished Square: 3672
  • Appliances: Microwave, Refrigerator
  • Annual Water/Sewer Expen: 1504
  • Annual Repair Expense: 459
  • Accessibility: Stair Chair Lift
© Copyright 2017 Regional MLS of Minnesota, Inc. All Rights Reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than RE/MAX Results are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-08-23

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