157 W 3rd St - Apartments FOR SALE


Winona, MN 55987
$6,125,000 USD
608-784-9930
157 W 3rd St, Winona, MN for Sale
$6,125,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

157 W 3rd St
Winona, MN 55987


HIGHLIGHTS

  • fully rented residential tenants (48) , 10 additional commercial/retail spots

OVERVIEW

The historic Kensington is a prime Investment property featuring a vibrant 55 plus community and an active commercial clientele. Located in the heart of Winona and within walking distance to restaurants, shopping, entertainment. Complete renovation of building from top to bottom in 1985 -Many updates have been recently completed in the last couple of years including new mechanicals and a new elevator. Property has been meticulously maintained and all units are fully rented. The sale includes parcel 320001380 (160 W 4TH ST) a large commercial lot with garages and parking with potential for further development. 48 residential unit fully occupied. 10 Commercial/retail spots.

FOR SALE DETAILS

PRICE

$6,125,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

48

PRICE/UNIT

$127,604

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Kensington

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1890

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C

APN/PARCEL ID

32.000.1360

ASK ABOUT THIS PROPERTY

Adam WeissenbergerColdwell Banker Commercial River ValleyMore Info
608-784-9930

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Adam WeissenbergerColdwell Banker Commercial River ValleyMore Info
608-784-9930

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.