St Gabriels Apartments | 115 W 3rd St
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St Gabriels Apartments 115 W 3rd St
8 Unit Block of Flats £265,955 (£33,244/Unit) 11.58% Net Initial Yield Argyle, MN 56713
Executive Summary
Originally built as a hotel in the early 1900's converted to an 8 unit apartment. Roof replaced in 2020, many other updates. Some units are furnished. Website domain included www.stgabrielapartments.com. 4 garage stalls and off-street parking. Price includes some major exterior/foundation updates. Would consider discounted price for cash and "as is"
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | £265,955 | Property Subtype | Apartment |
| Price Per Unit | £33,244 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 11.58% | Lot Size | 0.24 AC |
| Sale Conditions | 1031 Exchange | Building Size | 2,100 SF |
| Gross Rent Multiplier | 6.5 | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1916 |
| Price | £265,955 |
| Price Per Unit | £33,244 |
| Sale Type | Investment |
| Net Initial Yield | 11.58% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 6.5 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,100 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1916 |
Unit Amenities
- Heating
Site Amenities
- Laundry Facilities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | £499.20 | 323 |
| 2+1 | 2 | £488.25 | 695 - 756 |
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PROPERTY TAXES
| Parcel Number | 50-0068-000 | Total Assessment | £73,550 (2024) |
| Land Assessment | £2,973 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £70,577 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
50-0068-000
Land Assessment
£2,973 (2024)
Improvements Assessment
£70,577 (2024)
Total Assessment
£73,550 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | Residential-multi-family (Residential Multi-. in Compliance) |
| Residential-multi-family (Residential Multi-. in Compliance) |
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St Gabriels Apartments | 115 W 3rd St
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