Investment Opportunity in Crookston, MN! Park Apartments - a 15-unit multifamily complex offering strong occupancy and significant value-add potential. Currently 93.3% occupied, with rents well below market - providing an excellent opportunity for immediate income growth.$28.9K+ in targeted renovations have been completed across select units in past 24 months. Boiler replaced in 2021.
Affordable Units with Upside: Efficiency/studio units with private entrances, and on-site coin laundry, with loads of parking and green space.
Prime Location: Conveniently located near local amenities, including grocery stores and shops, ensuring consistent tenant demand.
Lots of surrounding land for ample value add opportunities.
Contact us today to schedule a private tour and receive full financials.
3-year financial history available with signed NDA. Showings case by case - vacant units available for immediate access. Serious buyers will have an opportunity to see occupied units at a TBD date. Text or email preferred: 701-330-5690 or derek@truhomeproperties.com. Square footage is estimated, please verify. Package opportunity with 10-unit MFH in Mayville, ND. Inquire for details.