Alice Nettell Tower | 550 N 3rd Ave
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Alice Nettell Tower 550 N 3rd Ave
156 Unit Block of Flats For Sale Virginia, MN 55792
Investment Highlights
- Senior Project Based Section 8 Building
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.34 AC |
| No. Units | 156 | Building Size | 116,246 SF |
| Property Type | Residential | Average Occupancy | 97% |
| Property Subtype | Apartment | Number of Floors | 13 |
| Apartment Style | Mid Rise | Year Built | 1976 |
| Building Class | C | Parking Ratio | 0.43/1,000 SF |
| Sale Type | Investment |
| No. Units | 156 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 116,246 SF |
| Average Occupancy | 97% |
| Number of Floors | 13 |
| Year Built | 1976 |
| Parking Ratio | 0.43/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 156 | - | 600 - 750 |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 090002000980 | Improvements Assessment | £2,629,580 (2023) |
| Land Assessment | £17,605 (2023) | Total Assessment | £2,647,185 (2023) |
PROPERTY TAXES
Parcel Number
090002000980
Land Assessment
£17,605 (2023)
Improvements Assessment
£2,629,580 (2023)
Total Assessment
£2,647,185 (2023)
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Alice Nettell Tower | 550 N 3rd Ave
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