4076 Tower Street # 101 Saint Bonifacius, MN
$ 1,750,000
Property Attributes
  • ID#6140033
  • TypePending
  • CountyHENNEPIN
  • CitySaint Bonifacius
  • AreaCic 1423 Everwood Condo
  • NeighborhoodCic 1423 Everwood Condo
  • Zip55375
  • StyleApartment
  • Year Built1982
  • Taxes$ 19218
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14774
  • Lot Size1.06 Acres
Listing Provided Courtesy Of:
Summerhill Commercial Real
Data Source:
Northstar MLS (NSTAR)
Property Description

Listing confidential to residents of this multi-family offering. Fully assembled (18) unit condo/apt complex avail FOR SALE. Great investment opportunity in growing St. Bonifacius w/many area amenities. Roof is approx. (4) yrs old, new washer & dryer, & new water softener. Tenants pay their own elec. for heat & A/C. Restrooms have been updated w/ new tile & new tub/shower faucets. Units are in good condition w/a variety of recent updates to flooring, counters, & appliances. Gross income at $850 per 2-bdrmr & $750 per 1-bdrm is $182,400. Investment Analysis: Gross Rental Rev.: $182,400, Laundry Room Rev.: $4,800, Gross Rev.*: $187,200, Expenses: ($45,867), Structural Reserve at $.25 psf: ($3,694), Vacancy Factor at 5%: ($9,120), Utilities Vacancy at 5%: ($540), Net Operating Income (NOI): $127,979/ 7.31% CAP Rate. * Currently (2) units are vacant (118 & 112). Seller is planning to lease (1),& leave (1) open for showings. Most spaces are currently MTM, but can be extended by new Owner.

Price History
1/6/2022 Listed $1,750,000

General Features

Accessibility None
Additional Parcels Description 3111724110089, 3111724110090
Additional Parcels Y/N Yes
Amenities Unit Ceiling Fan(s)
Appliances Range, Microwave, Dishwasher, Refrigerator, Water Softener Owned, Freezer
Association Amenities Coin-op Laundry Owned
Basement Slab
City Saint Bonifacius
Construction Materials Vinyl Siding
Contingency None
Cooling Window Unit(s)
County Hennepin
Current Use Residential
Days on Market 12
Directions West on Highway 7 past Main Street/92, turn right on Tower Street, building is on the right.
Garage Spaces 18
Grossincome 187200
Heating Baseboard
High School District Waconia
Lender Owned No
Levels Two
Net Operating Income 127979
Operatingexpense 59221
Ownerpays Taxes, Insurance, Water, Repairs, Snow Removal
Property SubType Apartment
Property Type Commercial Sale
Roof Asphalt
Sewer City Sewer/Connected
Standard Status Pending
Street Name Tower
Subdivision Name Cic 1423 Everwood Condo
Tax Annual Amount 19218
Tax Year 2022
Tenant Pays Electricity
Total Units 18
Unit Number 101
Utilities Heating Separate
Year Built 1982
Zoning Description Residential-Multi-Family

Interior Features

Ceiling Height 8-10
Fuel Electric
Garage Dimensions 8 x 20
Garage Door Width 8
Garage Square Feet 160
Street Suffix Street
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, One Room, Two Room, Three Room, Four Room, Five Room, Six Room, Seven Room

Exterior Features

Foundationarea 7387
Inclusions Fixture/Equipment, Building, Land
Lot Dimensions 190 x240
Lot Features Tree Coverage - Light
Lot Size Area 1.06
Lot Size Units Acres
Parking Features Detached, Open
Water Source City Water/Connected
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 55375

AVG $610K
AVG $4,947
AVG 82
Year Built
AVG 1984
AVG 22
Data Provided by Walkscore ® not using MLS data

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