New Construction
Address
11802 Emery Oaks Lane N Champlin, MN
Price
$ 3,995,000
Property Attributes
  • ID#6009823
  • TypeCommercial
  • CountyHENNEPIN
  • CityChamplin
  • AreaEmery Village 4th Add
  • NeighborhoodEmery Village 4th Add
  • Zip55316
  • StyleApartment
  • Year Built2020
  • Taxes$ 3667
  • Price$ 3,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage29612
  • Lot Size1.34 Acres
Listing Provided Courtesy Of:
RE/MAX Results
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

12 new construction residential townhome/apartment units. High-end construction with beautiful finishes throughout! Fully rented & stabilized in high-demand Champlin. Currently treated as apartments and all owned by the same Seller. This is a turn-key, stable investment opportunity in an excellent suburban location. Additional land for sale next to these units that can also be purchased (separate listing for $1.25M) for an additional 40 units of development. These 12 units are comprised of two 6 unit buildings next to one another with each unit featuring 3 bedrooms, 4 baths with a 2 car garage. 4 total bathrooms consist of ½ bath 1st level, ½ bath 2nd level, full bath off the master on 3rd level, and full bath for the other 2 bedrooms on 3rd level. Very large spacious units with finished square footages ranging from 2,404 SF to 2,595 SF per unit. Zoning for this site is R-4 PUD Each unit has it’s own County Assessed PID# so these units could be sold as townhomes in the future.

Price History
6/16/2021 Listed $3,995,000

General Features

Accessibility None
Additional Parcels Description 3012021430222, 3012021430209
Additional Parcels Y/N Yes
Amenities Unit Deck, Patio, Porch, Balcony, Walk-In Closet, Master Bedroom Walk-In Closet, Washer/Dryer Hookup, Indoor Sprinklers, In-Ground Sprinkler
Appliances Range, Cooktop, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Association Amenities In-Ground Sprinkler System, Fire Sprinkler System, Concrete Floors & Walls
Basement Slab
City Champlin
Construction Materials Shake Siding, Vinyl Siding, Brick/Stone
Contingency Inspection
Cooling Central Air
County Hennepin
Current Use Commercial, Residential
Days on Market 58
Directions Corner of Business Park Blvd N & Emery Village Dr N. Just off 169 N.
Grossincome 300480
Heating Forced Air
High School District Anoka-Hennepin
Insurance Expense 3800
Lender Owned No
Levels Three Or More
Net Operating Income 27504.8
Operatingexpense 2197520
Ownerpays Taxes, Insurance, Water, Repairs, Trash Collection, Snow Removal, Grounds Care
Property SubType Apartment
Property Type Commercial Sale
Roof Asphalt, Pitched
Sewer City Sewer/Connected
Standard Status Active
Street Name Emery Oaks
Subdivision Name Emery Village 4th Add
Tax Annual Amount 3667
Tax Year 2021
Tenant Pays Electricity, Fuel
Total Units 12
Trash Expense 2700
Utilities Heating Separate, Electric Separate, Hot Water Separate
Water Sewer Expense 7200
Year Built 2020
Zoning Description Residential-Multi-Family

Interior Features

Fuel Natural Gas
Street Suffix Lane
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, 1 Room, 2 Room, 3 Room, 4 Room, 5 Room, 6 Room, 7 Room

Exterior Features

Foundationarea 9870
Inclusions Building, Land, Leases, Rental License
Lot Dimensions 375x105x348
Lot Features Irregular Lot
Lot Size Area 1.34
Lot Size Units Acres
Parking Features Attached Garage
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • 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 Commercial Average in 55316

Price
AVG $2.3M
$4M
Taxes
AVG $10,393
$3,667
Visits
AVG 65
125
Year Built
AVG 2012
2020
Walkscore
AVG 44
45
Data Provided by Walkscore ® not using MLS data

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