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1647 County Road B W 11 Unit Apartment Building $1,390,000 ($126,364/Unit) 7.25% Cap Rate Roseville, MN 55113
Investment Highlights
- Newer Roofs
- Newer Windows
- Seller financing
- Newer Hot Water Boiler
Executive Summary
SELLER FINANCING OPPORTUNITY!! This 11-unit, multi-family investment property is a prime value-add asset in the high demand Twin Cities suburb of Roseville, MN. 1647 Co Rd B West is a well-maintained property that consistently attracts long-term tenants due to its unparalleled accessibility and proximity to major retail hubs and both Minneapolis and Saint Paul. The unit mix offers eleven 2-bedroom, 1-bathroom units. The property is situated on a large corner lot with 9 detached garages and plenty of off-street parking. Many major updates have been done over the last 6 years. The water heaters, hot water boiler, and windows were replaced. Slopped rubber membrane roofs installed in 2016/2021. The electrical panels were updated, and all new common area carpeting was installed within the last year. All the heavy lifting has been done. Owner will only sell on a contract for deed which makes this a unique opportunity!!
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Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,932
|
$14.66
|
| Other Income |
$4,200
|
$0.39
|
| Vacancy Loss |
$3,158
|
$0.29
|
| Effective Gross Income |
$158,974
|
$14.76
|
| Taxes |
$21,632
|
$2.01
|
| Operating Expenses |
$36,600
|
$3.40
|
| Total Expenses |
$58,232
|
$5.41
|
| Net Operating Income |
$100,742
|
$9.35
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $157,932 |
| Annual Per SF | $14.66 |
| Other Income | |
|---|---|
| Annual | $4,200 |
| Annual Per SF | $0.39 |
| Vacancy Loss | |
|---|---|
| Annual | $3,158 |
| Annual Per SF | $0.29 |
| Effective Gross Income | |
|---|---|
| Annual | $158,974 |
| Annual Per SF | $14.76 |
| Taxes | |
|---|---|
| Annual | $21,632 |
| Annual Per SF | $2.01 |
| Operating Expenses | |
|---|---|
| Annual | $36,600 |
| Annual Per SF | $3.40 |
| Total Expenses | |
|---|---|
| Annual | $58,232 |
| Annual Per SF | $5.41 |
| Net Operating Income | |
|---|---|
| Annual | $100,742 |
| Annual Per SF | $9.35 |
Property Facts
| Price | $1,390,000 | Apartment Style | Low-Rise |
| Price Per Unit | $126,364 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 7.25% | Building Size | 10,773 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.74 | No. Stories | 3 |
| No. Units | 11 | Year Built/Renovated | 1958/2020 |
| Property Type | Multifamily | Parking Ratio | 3.48/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,390,000 |
| Price Per Unit | $126,364 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.74 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 10,773 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1958/2020 |
| Parking Ratio | 3.48/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Tile Floors
- Hardwood Floors
- Refrigerator
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | $1,200 | 800 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-29-23-44-0241 | Total Assessment | $1,142,300 (2025) |
| Land Assessment | $220,000 (2025) | Annual Taxes | $21,632 ($2.01/SF) |
| Improvements Assessment | $922,300 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
09-29-23-44-0241
Land Assessment
$220,000 (2025)
Improvements Assessment
$922,300 (2025)
Total Assessment
$1,142,300 (2025)
Annual Taxes
$21,632 ($2.01/SF)
Tax Year
2026 Payable 2026
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1647 County Road B W
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