401 Golf Course Rd - Apartments FOR SALE


Mountain Lake, MN 56159
$960,000 USD
651-500-4720
401 Golf Course Rd, Mountain Lake, MN for Sale
$960,000 USD
Apartments - FOR SALE
1/11
null | 8.33% Cap Rate

401 Golf Course Rd
Mountain Lake, MN 56159


HIGHLIGHTS

  • Value Add Opportunity
  • High Occupancy
  • Affordable Housing

OVERVIEW

Value Add apartment complex in Mountain Lake, MN. There are two buildings. Each building has eleven two bedrooms and one, one bedroom. Each apartment includes a large walk-in closet. Both buildings have coin operated laundry. The Mountain Lake Apartments offer high occupancy with room for improvement on the current rents.

FOR SALE DETAILS

PRICE

$960,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

24

PRICE/UNIT

$40,000

CAP RATE

8.33%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Multi Family

APN/PARCEL ID

22-413-0441

ASK ABOUT THIS PROPERTY

Kevin GoettlKevin GoettlMore Info
651-500-4720

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Kevin GoettlKevin GoettlMore Info
651-500-4720

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