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Active
$2,600,000
/mo   Edit
MLS# 5198726
24-46 97th Avenue NW
Coon Rapids, MN 55448
Commercial
Built 2005  ●  Anoka-Hennepin schools
Info: 763-576-8286
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    Description:   New roof in 2018 The lot has been divided into seperate PID's, offering ease for potential 12 unit condo conversion. Built in 2005 with structurally insulated panels including the roof and Silver Line- Anderson windows. Harwood floors, stainless steel appliances, high ceilings and large decks. 8-3bedroom units and 4-2 bedroom units. Finished basements and loft areas. Located close to shopping, restaurants, grocery, etc
    List Price: $2,600,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 2005
    City: Coon Rapids
    Zip Code: 55448

    Interior

    Building Fin Sq Ft: 29,696 ft²
    Appliances Included: Range, Microwave, Refrigerator, Washer, Dryer
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Finished (Livable)

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 850 ft²
    Unit Amenities: Deck, Hardwood Floors, Washer/Dryer Hookup
    Handicap Accessible: None
    Exterior Material: Vinyl
    Garage Spaces: 2
    Other Parking Spaces: 12
    Roof Details: Asphalt Shingles, Age 8 Years or Less

    Lot

    Acres: 0
    Latitude: 45.14564000
    Longitude: -93.26801200
    Lot Size Dim.: 1.19 acre
    Dev/Complex Name: University Towhnhomes
    Zoning: Residential-Multi-Family

    Schools

    School District: 11 - Anoka-Hennepin
    District Phone: 763-506-1000

    Expenses

    Annual Caretaker Expense: $4,773
    Annual Insurance Expense: $8,316
    Annual Maintenance Expense: $19,852
    Annual Repair Expense: $11,125
    Annual Gross Expense: $99,001
    Total Annual Expenses: $99,001
    Annual Water/Sewer Expense: $8,267
    Owner Expenses: Taxes, Insurance, Maintenance/Repair, Janitorial, Snow, Lawn, Other, Trash, Water/Sewer
    Tenant Expenses: Electric, Fuel, Cable T.V.

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $28,744
    Assessment Pending: Unknown
    Taxes w/ Assessments: $28,744

    Income

    Annual Gross Income: 243499.00

    Rent

    Annual Net Income: $144,498

    Unit

    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 4
    Total Rooms in Unit 3: 8
    Total Units: 12
    Number of Efficiencies: 0

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land, Fixture/Equipment, Leases
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

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    Jason Chitwood
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    Listing provided by RMLS, courtesy of Coldwell Banker Burnet