<< BACK TO LISTINGS PAGE

 

 

this listing
CITY
Elk River, MN
UNITS
30
SALES PRICE
$1,917,000
DOWN PAYMENT
$479,250
TERMS
Cash or Submit
Highlights
  • Cement patios or decks with wrought iron railings
  • Laminate wood flooring in all kitchens and dining areas
  • Hunter lighted ceiling fans
  • New windows & entry doors
  • Tekmar temperature control boilers
  • New commercial water heater (1 building)
  • Newly installed fire alarm system

Call MBG at (952) 922 -4405

View More Photos >>
MORE PHOTOS

Description

Pineview Estates, built in the mid 70’s, is an attractive, well-constructed stucco complex with decorative wood trim. The 30-unit property, on a large corner lot in Elk River, Minnesota, is creatively landscaped and impeccably maintained.  Both buildings in the complex are fully occupied, and have incurred a number of capital improvements during the past four years.

 

The secure apartment property features ceramic tile entries, extra wide, fully-carpeted hallways, and convenient front and back access stairways. The two buildings have light and functional laundry facilities equipped with newer seller owned washers & dryers, and Tekmar temperature control boilers.

 

Apartment floor plans include a studio, and one- and two-bedroom layouts.  Interiors are spacious and light with walk in closets in the studio and one bedroom units. Two bedrooms have ample storage with full wall metal bi-fold closets. All baths are appointed with ceramic tile flooring and surrounds with lighted mirror vanities.  Each kitchen is equipped with double-sided stainless sinks, all white appliances, vent hoods and dishwashers

The Pineview Estates neighborhood is in a quiet residential area.  It’s close to a small community park, schools and churches, and to downtown shopping and eating venues.  Elk River, in Sherburne County, is one of the region’s larger population and business centers.  It’s located 34 miles northwest of Minneapolis, and is situated at the intersection of Highways 10 and 169.  Transit-oriented development is a priority in this area.  Its Northstar transit station provides a convenient connection to downtown Minneapolis and other communities throughout the region.

Summary
Property Type
2 buildings
Year Built
1973/1974
Units / Rents
01 -- Studio – ($550)
12 – 1 Bedrooms – ($650-$672)
17 – 2 Bedrooms - ($750-$785)
Heating & Air Conditioning
Gas fired hot water
Wall units
Laundry
4 Washers / 4 Dryers (owned)
Assessed Market Value
  N/A
Real Estate Taxes
2012 - $33,172
Parcel Size
1.89 acres
Parking
30 Garages + ample off street
Roofs
Flat roof
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405