$2,500,000
MLS# 6387838
Status: Closed
24 beds | 24 baths
1 / 24
Property Description
8 Unit Apartment/Townhouse style building built in 2017. Fully rented in high-demand Champlin with room to increase rents. Currently leased as apartments and all owned by the same Seller, but developed with the flexibility to become townhomes. All units have 3 bedrooms and 3 bathrooms. The floor plan layouts on these 8 units consist of the following: Main level: 2 car garage, mechanical, and foyer entrance. 2nd Floor: great room, spacious kitchen, ½ bath, and 1 of the 3 bedrooms for the interior units. 3rd floor: The 4 Interior units on the 3rd floor have 2 bedrooms additional bedrooms on the 3rd floor, 1 large bathroom, walk-in closet, and in-unit laundry. The 4 End units on the 3rd floor have all 3 bedrooms on the 3rd level including a master bedroom with an attached master bathroom and walk-in closet, another full bath, and in-unit laundry. Finished square footage from 1,665-1,779 SF per unit. This building has a total of 17,940 SF built on 1.48 acres.
Details
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Closed
Off Market Date: 2023-06-26
Current Price: $2,500,000
Closed Date: 2023-09-20
Sales Close Price: 2500000
Contingency: None
ListPrice: 2500000
List Date: 2023-06-15
Office/Member Info
Association: MAAR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 16
Owner Occupied: No
Year Built: 2017
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Lot Dimensions: 324x189
Acres: 1.48
Foundation Size: 17940
Garage Stalls: 16
For Sale or Lease: For Sale
Bedrooms: 24
Baths Total: 24
Location, Tax and Other Information
Legal Description: LOT 003 BLOCK 001 EMERY VILLAGE 4TH ADDN
Listing City: Champlin
Map Page: 63
Municipality: Champlin
Rental License?: Yes
School District: Anoka-Hennepin
School District Phone: 763-506-1000
Zip Plus 4: 3786
Property ID Number: 3012021430202
Tax Year: 2023
Tax Amount: 32239.9
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 8 Unit Apartment/Townhouse style building built in 2017. Fully rented in high-demand Champlin with room to increase rents. Currently leased as apartments and all owned by the same Seller, but developed with the flexibility to become townhomes. All units have 3 bedrooms and 3 bathrooms. The floor plan layouts on these 8 units consist of the following: Main level: 2 car garage, mechanical, and foyer entrance. 2nd Floor: great room, spacious kitchen, ½ bath, and 1 of the 3 bedrooms for the interior units. 3rd floor: The 4 Interior units on the 3rd floor have 2 bedrooms additional bedrooms on the 3rd floor, 1 large bathroom, walk-in closet, and in-unit laundry. The 4 End units on the 3rd floor have all 3 bedrooms on the 3rd level including a master bedroom with an attached master bathroom and walk-in closet, another full bath, and in-unit laundry. Finished square footage from 1,665-1,779 SF per unit. This building has a total of 17,940 SF built on 1.48 acres.
Directions: Champlin is located in the Northwest metro of the Twin Cities with a population of about 25,000. It is
approximately 25 minutes from Minneapolis Central Business District and boasts a strong retail and restaurant environment which is attractive to tenants.
Accessible
None: 1
Air Conditioning
Central Air: 1
Amenities Shared
Concrete Floors & Walls: 1
Fire Sprinkler System: 1
In-Ground Sprinkler System: 1
Porch: 1
Amenities Unit
Balcony: 1
Deck: 1
In-Ground Sprinkler: 1
Patio: 1
Porch: 1
Primary Bedroom Walk-In Closet: 1
Washer/Dryer Hookup: 1
Appliances
Cooktop: 1
Dishwasher: 1
Dryer: 1
Freezer: 1
Microwave: 1
Range: 1
Washer: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 32239.9
Basement
Slab: 1
Building Information
Building Finished SqFt: 6240
Construction Status
Completed New Construction: 1
Exterior
Brick/Stone: 1
Shakes: 1
Vinyl: 1
Financing Terms
Cash: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Lot Description
Irregular Lot: 1
Miscellaneous Information
Homestead: No
Owner Pays
Insurance: 1
Lawn: 1
Maintenance/Repair: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Pool Description
None: 1
Public Survey Info
Range#: 21
Section#: 30
Township#: 120
Rental License Type
Standard: 1
Roof
Age Over 8 Years: 1
Asphalt Shingles: 1
Pitched: 1
Sale Options
Sale Includes: Leases, Rental License
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Unit 1
Lease Expiration Date: 2023-12-31
Leased?: Yes
Unit Number: 1
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Total Bedrooms: 3
Unit Details
Total Units: 8
Wall Description
Drywall: 1
Water
City Water/Connected: 1
No. of Ranges
Six or More: 1
No. of Refrigerators
Six or More: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Fuel: 1
Unit 2
Lease Expiration Date: 2024-04-30
Leased?: Yes
Unit Number: 2
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Total Bedrooms: 3
Unit 3
Lease Expiration Date: 2024-04-30
Leased?: Yes
No. of 3 Bedroom Units: 8
Unit Number: 3
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Total Bedrooms: 3
Unit 4
Lease Expiration Date: 2025-05-31
Leased?: Yes
Unit Number: 4
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Total Bedrooms: 3
Unit 5
Lease Expiration Date: 2024-03-31
Leased?: Yes
Unit Number: 5
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Total Bedrooms: 3
Unit 6
Lease Expiration Date: 2024-04-30
Leased?: Yes
Unit Number: 6
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Total Bedrooms: 3
Unit 7
Lease Expiration Date: 2024-01-31
Leased?: Yes
Unit Number: 7
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Total Bedrooms: 3
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Separate: 1
CMU Style
Apartments/Multi Family: 1
Low Rise: 1
Current Use
Commercial: 1
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Free Standing: 1
Unit 8
Full Baths: 2
Half Baths: 1
Lease Expiration Date: 2023-07-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 8
Location Tax and Other Information
Postal City: Champlin
County: Hennepin
State: MN
Zip Code: 55316
Complex/Dev/Subdivision: Emery Village 4th Add
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Shared: Concrete Floors & Walls; Fire Sprinkler System; In-Ground Sprinkler System; Porch
Amenities Unit: Balcony; Deck; In-Ground Sprinkler; Patio; Porch; Primary Bedroom Walk-In Closet; Washer/Dryer Hookup
Appliances: Cooktop; Dishwasher; Dryer; Freezer; Microwave; Range; Washer
Basement: Slab
CMU Style: Apartments/Multi Family; Low Rise
Construction Status: Completed New Construction
Current Use: Commercial; Residential
Exterior: Brick/Stone; Shakes; Vinyl
Financing Terms: Cash
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Free Standing
Lock Box Type: None
Lot Description: Irregular Lot
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Pool Description: None
Rental License Type: Standard
Roof: Age Over 8 Years; Asphalt Shingles; Pitched
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Cable TV; Electricity; Fuel
Wall Description: Drywall
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: August - 07 - 2025
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