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For Sale:  Taylors Falls MLS# 6790333

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Active
$999,000
/mo Edit
Commercial:  Apartments
Built 1980
1.34 acres
Chisago Lakes schools
MLS# 6790333
763-576-8286
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    Property Description

    Croixview Apartments is a very unique opportunity to acquire an 8-unit apartment asset situated in the scenic St.Croix river bluffs in Taylors Falls, MN. You can not beat the location and privacy sitting on 1.34 acres of land. All the units are two-bedroom, one full bathroom, with approximately 880 SqFt. The tenants pay for their unit electric which covers lights, baseboard heating, appliances, water heaters, and wall air conditioners. Owners pay for common area electric, water and sewer, and trash. The upper pitched part of the roof was replaced. The four apartments on the riverside either have a patio or balcony. There is plenty of off-street parking and a detached four-car garage for extra income. The residents enjoy having on-site coin operated washer and dryer location on the main floor. Average in place rent is $941.87. The building was constructed in 1980 and is currently 100% occupied! Ready for a new owner to take over and make their own!!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $999,000
    Property Type: Commercial
    City: Taylors Falls
    Garage Spaces: 4
    County: Chisago
    Year Built: 1980
    State: MN
    Property Style: Apartments
    Zip Code: 55084
    Subdivision Name: Taylors Falls

    Interior

    Ceiling Height: 8-10
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 4
    Other Parking Spaces: 12
    Air Conditioning: Wall Unit(s)
    Foundation Size: 4,025 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Gravel
    • Paved
    Shared Amenities: None
    Unit Amenities:
    • Ceiling Fan(s)
    • Natural Woodwork
    Exterior Material: Fiber Board
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 1.34
    Geolocation: 45.39983, -92.654839
    Inclusions: Building, Inventory, Land, Leases
    Lot Dimensions: 300 x 200
    Zoning: Residential-Multi-Family

    Schools

    School District: 2144
    District Phone: 651-213-2096

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $897
    Annual Fuel Expense: None
    Annual Insurance Expense: $8,914
    Annual Maintenance Expense: $2,400
    Annual Gross Expense: $33,430
    Annual Trash Expense: $1,944
    Annual Water/Sewer Expense: $3,092
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $12,782
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $12,782

    Income

    Annual Gross Income: $90,863

    Rent

    Annual Net Income: $57,433

    Units

    Total Units: 8

    Miscellaneous

    Current Use: Residential
    Fuel System: Electric
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Apartment Cash Flow, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.