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955 Vadnais Drive
Vadnais Heights, MN 55127
MLS #4913086

Commercial
  • 8.94acres
$12,500,000
Est. P&I payment: $47741.53/mo
955 Vadnais Drive, Vadnais Heights, MN 55127
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Description for 955 Vadnais Drive, Vadnais Heights, MN 55127
The Cottages of Vadnais Heights is a 100 united, Section 42, senior (55+) rental community in the City of Vadnais Heights. 15 minutes north of Downtown St. Paul, this property consists of a freestanding Community Center with a full kitchen, fireplace,bathroom as well as rental office, and nine resident buildings, containing either 8 or 12 unites each. Built in 1995, the buildings feature private entries, one level living, and ample parking. Each cluster consists of 1, 2 & 3 bedroom townhomes.
MLS #4913086
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My Notes for MLS #4913086

General Features

  • Acres: 8.94
  • Current Use: Residential
  • Foreclosure Status: No
  • Year Built: 1995
  • Sale Includes: Building,​Land,​Leases
  • Total Number of Units: 100
  • Status: Active

Exterior Features

  • Exterior: Vinyl
  • Parking Characteristics: Attached Garage,​Detached Garage,​Driveway - Asphalt,​Secured,​Units Vary,​Garage Door Opener
  • Road Frontage: City,​Paved Streets,​Curbs,​Sidewalks
  • Lot Description: Irregular Lot,​Tree Coverage - Light
  • Lot Dimensions: irregular
  • Garage Stalls: 54
  • Other Parking Spaces: 80

Interior Features

  • Building Finished Square: 99,640
  • Handicap Accessible: No Stairs Internal,​No Stairs External
  • Basement: Slab
  • Roof: Pitched,​Age 8 Years or Less
  • Number of 1 Bedroom Unit: 20
  • Number of 2 Bedroom Unit: 52
  • Number of 3 Bedroom Unit: 28
  • Number of Units 4: 20
  • Number of Units 5: 52
  • Number of Units 6: 28
  • Shared Rooms: Amusement/Party Rm

Utilities Features

  • Appliances: Range,​Refrigerator
  • Air Conditioning: Central
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Number of Ranges: One Per Unit
  • Number of Refrigerators: One Per Unit
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Caretaker Expense: 96,551
  • Annual Insurance Expense: 42,168
  • Annual Maintenance Expense: 72,256
  • Annual Gross Expense: 458,328
  • Total Annual Expenses: 458,328
  • Tenant Expenses: Electric,​Fuel
  • Total Annual Income: 1,259,520
  • Unit 4 Monthly Rent: 18,000
  • Annual Rent 4: 216,000
  • Unit 5 Monthly Rent: 54,340
  • Annual Rent 5: 652,080
  • Unit 6 Monthly Rent: 32,620
  • Annual Rent 6: 391,440
  • Total Monthly Income: 104,960
  • Annual Net Income: 752,372
  • Tax Amount: 119,678
  • Tax With Assessments: 122,409
  • Tax Year: 2017
  • Annual Gross Income: 1,210,700

Community Features

  • County: Ramsey
  • Municipality: Vadnais Heights
  • Postal City: Vadnais Heights (MN)
  • Complex/Development/Subdivision: Robert Hall Addition

School Features

  • School District: 624 - White Bear Lake
  • School District Phone: 651-407-7500

Misc Features

  • Amenities - Shared: Lawn Sprinkler,​Fire Sprinkler System
  • Amenities - Unit: Natural Woodwork,​Washer/Dryer Hookup,​Indoor Sprinklers
  • Foundation Size: 62,672
  • Zoning: Residential-Multi-Family
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 955 Vadnais Drive, Vadnais Heights, MN 55127
From Arcade Street, go southeast on Vadnais Drive to property on left.
The listing information for 955 Vadnais Drive, Vadnais Heights, MN 55127 was graciously provided by our friends at the listing brokerage, Coldwell Banker Burnet

Get Financing for 955 Vadnais Drive, Vadnais Heights, MN 55127

(Jane Johanns) Market Place Home Mortgage
Jane Johanns
13700 Reimer Drive N Ste 100
Maple Grove, MN 55311
(763) 432-4656 Office
(612) 868-9339 Mobile
(763) 201-9088 Fax
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P&I Payment $47741.53
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Last Updated 04/21/2018 at 9:56pm
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