Alice Nettell Tower | 550 N 3rd Ave
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Alice Nettell Tower 550 N 3rd Ave
156 Unit Apartment Building 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| 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 | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 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 | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 116,246 SF |
| Average Occupancy | 97% |
| No. Stories | 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 | $4,726,488 CAD (2023) |
| Land Assessment | $31,644 CAD (2023) | Total Assessment | $4,758,132 CAD (2023) |
PROPERTY TAXES
Parcel Number
090002000980
Land Assessment
$31,644 CAD (2023)
Improvements Assessment
$4,726,488 CAD (2023)
Total Assessment
$4,758,132 CAD (2023)
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Alice Nettell Tower | 550 N 3rd Ave
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