For Sale Commercial MLS# 7037372

11024-11038 183rd Circle NW

Elk River, MN 55330

$2,400,000

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About 11024-11038 183rd Circle NW

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.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
2020
Stories
One
Living area
1,442 sqft
Price / sqft
$1,664
Lot
1.78
Original price
$2,650,000
MLS #
7037372

Interior

Features
Central Air, Forced Air, Carpet, Luxury Vinyl Plank, Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Appliances
Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Flooring
Carpet, Luxury Vinyl Plank
Heating
Forced Air
Cooling
Central Air

Exterior & lot

Features
Stone, Metal, Vinyl, Attached Garage, Asphalt, Insulated Garage, Paved Lot
Construction
One, Slab, Age 8 Years or Less, Asphalt, Pitched
Roof
Age 8 Years or Less, Asphalt, Pitched
Foundation
Slab
Lot
75009040105, Level, Residential
Parking
Attached Garage, Asphalt, Insulated Garage, Paved Lot
Garage spaces
2

Schools

District
Elk River School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate, Heating Separate, Hot Water Separate
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$30,528
Tax year
2026
Parcel
75009040105

Location

Subdivision
Mulvaney Point Twin Homes
County
Sherburne
Community
Sherburne, City Street, Cul De Sac, Paved Streets, northstar, Elk River
Directions
Hwy 169 to East on Main St (Cty Rd 12). Left on Line Ave. Right on 183rd Circle to cul-de-sac.

Location

Neighborhood
Mulvaney Point Twin Homes
School district
Elk River School District

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Listed by Dustin Heggem, Acuity Group

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.