11024-11038 183rd Circle NW, Elk River, MN 55330

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 16
Owner Occupied: No
Waterfront Present: No
Year Built: 2020
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Foundation Size: 1442
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 1.78
Lot Dimensions: 211x302x391x339

Property Features

Accessible: No Stairs External; No Stairs Internal Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); In-Ground Sprinkler; Kitchen Center Island; Main Floor Primary Bedroom; Paneled Doors; Patio; Primary Bedroom Walk-In Closet; Washer/Dryer Hookup; Other Appliances: Air-To-Air Exchanger; Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Basement: None CMU Style: Apartments/Multi Family; Duplex Side by Side; Low Rise Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Metal; Vinyl Flooring: Carpet; Luxury Vinyl Plank Foundation: Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Lot Description: Tree Coverage - Medium On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Overhead Door Clearance: 0-9 Feet Owner Pays: Common Area Maintenance; Grounds Care; HVAC Maintenance; Insurance; Lawn; Lawn; Maintenance/Repair; Repairs; Roof Maintenance; Snow Removal; Taxes Parking Characteristics: Insulated Garage; Paved Lot Pool Description: None Potential Use: Income Rent Rate per Foot: Gross Rental License Type: Standard Road Frontage: City Street; Cul De Sac; Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: One Tenant Pays: All Utilities Topography: Level Wall Description: Drywall Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2650000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 11024-11038
Street Name: 183rd
Street Suffix: Circle
Street Direction Suffix: NW
Postal City: Elk River
County: Sherburne
State: MN
Zip Code: 55330
Complex/Dev/Subdivision: Mulvaney Point Twin Homes

Additional Parcels Information

Property ID #2: 75009040110
Property ID #3: 75009040115,75009040120,75009040125,75009040130,75009040135,75009040145,75009040140

Assessments

Tax With Assessments: 30528
Assessment Balance: 0
Assessment Installment: 0

More Information

Building Information

Building Finished SqFt: 1442
Building SqFt: 1442
Ceiling Height: 8-10

Income and Expenses

Annual Gross Expenses: 53000
Annual Gross Income: 210720
Annual Insurance Expense: 9530
Annual Maintenance Expense: 7000
Annual Net Income: 157720
Annual Water/Sewer Expense: 1500
Total Annual Expenses: 53000

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Door Height: 7
Garage Door Width: 16
Garage Square Feet: 450
Insulated Garage: Yes
Paved Lot: Yes

Public Survey Info

Range#: 26
Section#: 35
Township#: 33

Sale Options

Sale Includes: Building, Land, Rental License

Unit 1

Unit Number: 11024
Monthly Rent: 2195
Full Baths: Yes
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Level: Main Level
Unit Total SqFt: 1442
Leased?: Yes
Lease Expiration Date: 2027-04-01

Unit 2

No. of 2 Bedroom Units: 8
Full Baths: Yes
Lease Expiration Date: 2027-04-01
Leased?: Yes
Level: Main Level
Monthly Rent: 2195
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 11026
Unit Total SqFt: 1442

Unit 3

Full Baths: Yes
Lease Expiration Date: 2027-04-01
Leased?: Yes
Level: Main Level
Monthly Rent: 2195
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 11028
Unit Total SqFt: 1442

Unit 4

Full Baths: Yes
Lease Expiration Date: 2027-04-01
Leased?: Yes
Level: Main Level
Monthly Rent: 2195
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 11030
Unit Total SqFt: 1442

Unit 5

Full Baths: Yes
Lease Expiration Date: 2027-04-01
Leased?: Yes
Level: Main Level
Monthly Rent: 2195
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 11032
Unit Total SqFt: 1442

Unit 6

Full Baths: Yes
Lease Expiration Date: 2027-04-01
Leased?: Yes
Level: Main Level
Monthly Rent: 2195
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 11034
Unit Total SqFt: 1442

Unit 7

Full Baths: Yes
Lease Expiration Date: 2027-04-01
Leased?: Yes
Level: Main Level
Monthly Rent: 2195
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 11036
Unit Total SqFt: 1442

Unit 8

Full Baths: Yes
Lease Expiration Date: 2027-04-01
Leased?: Yes
Level: Main Level
Monthly Rent: 2195
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 11038
Unit Total SqFt: 1442

Unit Details

Total Units: 8

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 1-9, BLK 1, Mulvaney Point Twin Homes
Listing City: Elk River
Map Page: 34
Municipality: Elk River
School District: Elk River
School District Phone: 763-241-3400
Zip Plus 4: 2088
Property ID Number: 75009040105
Tax Year: 2026
Tax Amount: 30528
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Hwy 169 to East on Main St (Cty Rd 12). Left on Line Ave. Right on 183rd Circle to cul-de-sac.

Accessible

No Stairs External: Yes
No Stairs Internal: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Ceiling Fan(s): Yes
In-Ground Sprinkler: Yes
Kitchen Center Island: Yes
Main Floor Primary Bedroom: Yes
Paneled Doors: Yes
Patio: Yes
Primary Bedroom Walk-In Closet: Yes
Washer/Dryer Hookup: Yes
Other: Yes

Appliances

Air-To-Air Exchanger: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Basement

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Metal: Yes
Vinyl: Yes

Flooring

Carpet: Yes
Luxury Vinyl Plank: Yes

Foundation

Slab: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Tree Coverage - Medium: Yes

Owner Pays

Common Area Maintenance: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Repairs: Yes
Roof Maintenance: Yes
Snow Removal: Yes
Taxes: Yes

Patio, Porch and Deck Features

Covered: Yes
Patio: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Cul De Sac: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Topography

Level: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

Tenant Pays

All Utilities: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Apartments/Multi Family: Yes
Duplex Side by Side: Yes
Low Rise: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Overhead Door Clearance

0-9 Feet: Yes

Potential Use

Income: Yes

Rent Rate per Foot

Gross: Yes