23038 NW Rum River Boulevard
Saint Francis, MN 55070
MLS #4745675

Commercial
  • 1.34acres
$450,000
Est. P&I payment: $1718.7/mo
23038 NW Rum River Boulevard, Saint Francis, MN 55070
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Description for 23038 NW Rum River Boulevard, Saint Francis, MN 55070
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.
MLS #4745675
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My Notes for MLS #4745675

General Features

  • Acres: 1.34
  • Current Use: Business Service,​Church
  • Foreclosure Status: No
  • Year Built: 1970
  • Sale Includes: Building
  • Total Number of Units: 3
  • Status: Active

Exterior Features

  • Exterior: Vinyl,​Brick/Stone
  • Parking Characteristics: Driveway - Asphalt
  • Lot Dimensions: 147X398 Ft
  • Other Parking Spaces: 53

Interior Features

  • Building Finished Square: 3,672
  • Handicap Accessible: Stair Chair Lift
  • Number of Units 1: 1
  • Number of Units 2: 1
  • Number of Units 3: 1
  • Number of Units 7: 1

Utilities Features

  • Appliances: Microwave,​Refrigerator
  • Air Conditioning: Central
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Electric Expense: 1,642
  • Annual Fuel Expense: 554
  • Annual Insurance Expense: 1,462
  • Annual Maintenance Expense: 764
  • Annual Repair Expense: 459
  • Annual Gross Expense: 12,375
  • Total Annual Expenses: 10,750
  • Annual Water/Sewer Expense: 1,504
  • Tenant Expenses: Trash
  • Total Annual Income: 49,200
  • Unit 1 Monthly Rent: 800
  • Annual Rent 1: 12,000
  • Unit 2 Monthly Rent: 1,000
  • Annual Rent 2: 6,000
  • Unit 3 Monthly Rent: 2,600
  • Annual Rent 3: 31,200
  • Total Monthly Income: 4,100
  • Annual Net Income: 37,825
  • Tax Amount: 5,990
  • Tax With Assessments: 5,990
  • Tax Year: 2017

Community Features

  • County: Anoka
  • Municipality: Saint Francis
  • Postal City: Saint Francis (MN)

School Features

  • School District: 15 - St. Francis
  • School District Phone: 763-753-7040

Misc Features

  • Amenities - Shared: Security Building
  • Foundation Size: 2,028
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 23038 NW Rum River Boulevard, Saint Francis, MN 55070
Take Bridge St to Rum River Blvd, Go North to property.
The listing information for 23038 NW Rum River Boulevard, Saint Francis, MN 55070 was graciously provided by our friends at the listing brokerage, RE/MAX Results

Get Financing for 23038 NW Rum River Boulevard, Saint Francis, MN 55070

SMW Federal Credit Union
Lindsey Palin
700 Apollo Drive
Lino Lakes, MN 55014
651-747-1562 Office
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P&I Payment $1718.7
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Last Updated 10/22/2017 at 11:48am
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