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CITY
Elk River , MN
UNITS
30
SALES PRICE
$2,150,000
DOWN PAYMENT
$537,500
TERMS
Cash or Submit
Highlights
  • Windows, roof, decks (2002)
  • New hallway carpet (2014)
  • New entry doors (2014)
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Call MBG at (952) 465-3572 Maddy Butler
                   (952) 465-3576 Tom Cooper

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Description

River Garden Apartments, built in 1974, is an attractive, well-constructed brick complex with decorative vinyl trim and cedar shakes. The 30-unit property, situated on a large lot in Elk River, Minnesota, is creatively landscaped and impeccably maintained. The secured apartment building offers two back entries and one front entry with easy access to the garage and parking lots; extra wide, fully-carpeted hallways; and a conveniently located laundry room equipped with seller-owned washers & dryers.

 

Apartment floor plans include one- and two-bedroom layouts as well as one three-bedroom unit.  Interiors are spacious and light with neutral décor throughout; and are designed with walk in closets in the master suites. All units have ample storage with hallway and linen 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 River Garden neighborhood is in a quiet residential area in Elk River.  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 1/2-story building
Year Built
1975
Units / Rents

13          1 BR                    $701

16          2 BR                    $777

1            3 BR                    $800

Heating & Air Conditioning
Gas fired hot water
Wall units
Laundry
4 Washers / 4 Dryers
Assessed Market Value
$
Real Estate Taxes
2015 - $27,230
Parcel Size
1.96acres
Parking
27 Garage stalls / 45Parking spaces
Roofs
Flat Roof
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405