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USAMNRockville314 County Road 8
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$1,075,000

314 County Road 8, Rockville, MN

Condo

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage Yes
Maintenance Fees 
Taxes $13,792
Days Active 8
Approx. Age 1969
MLS® Number 6783767

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

16 Unit Apartment Building Generating roughly $150, 000 in annual gross income on the edge of town surrounded by farm fields, park across the street, and long history of low vacancies only minutes from Cold Spring, I-94 and the large St. Cloud Metro. Two 1970 brick buildings consisting of 12 - Two Bedroom units averaging $775 in rent with market rents being around $900 and 4 - One Bedroom units averaging $650 in rent with market rents being around $750 per unit. Many recent updates including architectural shingles, vinyl windows, and nearly all units have been updated such as the three units in photos with newer flooring, paint, kitchen, appliances, bathrooms & fixtures. Two new sets of coined washer/dryer for additional income. Hot water boiler heat the owner pays for gas, plus water, sewer, garbage, snow removal and lawn care. Tenants pay for electric heat with 16 separate electric meters and AC units on 60 amp fuses. 6 garage stalls and blacktop parking lot. Professionally managed by Jamkee Properties. Annual expenses Include: Insurance $9, 365, Taxes $13792, Snow/Lawn care $7, 000, Garbage $6, 500 Water/Sewer $12, 000, Electric $3, 800, Gas $7, 500 Management at 8% of gross rent $11, 000. This is a rare find and opportunity to own a TURN KEY cash flowing apartment building. Unit #3 left vacant for showings and just had a $20, 000 remodel.Show Description
MLS® Number6783767
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1969
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBoiler, Hot Water
A/CWall Unit(s)
Heating Fuel

Extras

Building, Leases

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