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3040 Bridge St Northwest Saint Francis, MN 55070

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For Sale
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21-unit apartment building with stable income in a growing community.

Property size:
16,192 SF
Lot size:
1.85 Acres

Property Features for 3040 Bridge St Northwest

General Information

Standard status
Active
Zoning
R3
Size
16,192 SF
Lot size
1.85 Acres

Building Details

Year built
1990

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Listing Contact
Mike Bobick
Source: Crexi

Listing Agency: SVN | GC Real Estate Listing Agent: Mike Bobick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

21-Unit Apartment Building For Sale

This 21-unit apartment building, constructed in 1990, offers stable income and rental appeal. The building features all 1-bedroom units, each equipped with large walk-in closets and separate electric meters with electric subpanels. Residents benefit from controlled access, an intercom entry system, and handicap accessibility, including elevator service and auto door openers. Community amenities include a community room with a full kitchen, a lounge, cabana, grill and picnic area, and a private green space. On-site conveniences include in-building coin laundry on both levels, a fire panel monitoring system, mailboxes, a manager’s office, and individual storage lockers for each unit. The property has a durable brick façade with lap siding and asphalt roofing, which was replaced in 2007. Extensive landscaping and exterior lighting enhance the property's appeal. Parking is ample, with 12 detached garages, 25 surface spaces, and parking lot outlets for vehicle plug-ins. Mechanical features include a 2024 water heater, water softener system, hallway forced-air heat, and in-unit boiler heat; tenants own their wall A/C units. The building is located in St. Francis, MN, which offers multifamily investors a market driven by strong housing demand and limited competition. The property size is 16192 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Saint Francis
County
Anoka
State
Minnesota
Longitude
-93.3447065
Latitude
45.3850598

FAQs

What type of property is this?
Apartment building - 21-unit apartment building with stable income in a growing community.
Where is this apartment building located?
The property is located at 3040 Bridge St Northwest Saint Francis, MN.
What are key features of this property?
This property features: - Strong rental demand in a growing, supply-constrained market (St. Francis, MN).; - Stable, income-producing 21-unit apartment building, built in 1990.; - All units are desirable 1-bedroom apartments with large walk-in closets and separate electric meters.
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