810 4th Ave S - Apartments FOR SALE


Moorhead, MN 56560- Downtown Moorhead
$7,975,000 USD
701-200-7691
810 4th Ave S, Moorhead, MN for Sale
$7,975,000 USD
Apartments - FOR SALE
1/13
null | 6.25% Cap Rate

810 4th Ave S
Moorhead, MN 56560
Downtown Moorhead


OVERVIEW

This is an opportunity to own a great investment property in Downtown Moorhead, MN. The Lofts at Townsite has a great location with ample parking and several amenities within walking distance. The 51 apartment units are all new within the last 10 years and have excellent occupancy. There is upside potential in the commercial space as it is 100% occupied at below market rents. There are currently 9 garages with plenty of space to build more.

FOR SALE DETAILS

PRICE

$7,975,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

46

PRICE/UNIT

$173,370

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofts at Townsite

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

184

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

131,935 SF

ZONING

-

APN/PARCEL ID

58-575-2230

ASK ABOUT THIS PROPERTY

Matt OlsonProperty Resources GroupMore Info
701-200-7691

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Matt OlsonProperty Resources GroupMore Info
701-200-7691

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