1685 N Redding Ave - Apartments FOR SALE


Windom, MN 56101
$6,800,000 USD
320-253-0003
1685 N Redding Ave, Windom, MN for Sale
$6,800,000 USD
Apartments - FOR SALE
1/23
null | 6.8% Cap Rate

1685 N Redding Ave
Windom, MN 56101


OVERVIEW

45 Unit - Market Rate Apartment - Built 2020 Turnkey Multifamily Investment Opportunity – 45-Unit Mid-Rise in Windom, MN Discover a high-quality multifamily investment in Windom, MN— a 56,019 SF, 45-unit mid-rise built in 2020 with premium amenities and strong tenant appeal. This institutional-quality property is designed for long-term stability and high occupancy rates, featuring keyless controlled access, elevators, a fitness center, and a community room. *90% Pay-As-You-Go TIF Note Through 2034 – Significant tax benefits for investors *Diverse Unit Mix – One, two, and three-bedroom layouts to maximize tenant demand *Premium Construction – Steel siding with brick accents, prefabricated metal deck systems *Luxury Resident Features – 9-foot ceilings, open floor plans, recessed lighting, kitchen islands, stainless steel appliances *Modern Convenience – In-unit laundry with extra shelving, walk-in closets, extra-wide hallways, and recessed apartment entryways *Secure & Ample Parking – Attached and detached garages plus surveillance cameras for enhanced safety *Scenic Views – Overlooks Cottonwood Lake, adding to tenant appeal and value Windom, MN, is the county seat of Cottonwood County, a region known for strong agricultural and manufacturing industries. The city has a growing workforce of 2,378, with major employers including: *TORO Manufacturing (600 employees) *Windom Public Schools (176 employees) *Fortune Transportation (175 employees) Other key businesses include Ag Builders of Southern Minnesota, Windom Area Health, and Fast Global Solutions. The city’s stable employment base supports demand for quality rental housing. This turnkey asset is an ideal acquisition for investors seeking cash flow, appreciation potential, and long-term tax incentives. Contact us today for financials, rent roll, and investment details. #MultifamilyInvestment #InvestmentProperty #CashFlowRealEstate #ApartmentForSale #MultiFamilyForSale #RealEstateInvesting #PassiveIncome

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

45

PRICE/UNIT

$151,111

CAP RATE

6.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

26

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,115 SF

ZONING

-

APN/PARCEL ID

25-839-0015

ASK ABOUT THIS PROPERTY

Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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