8400 Minnetonka Blvd - Apartments FOR SALE


Saint Louis Park, MN 55426
$5,250,000 USD
763-232-8821
8400 Minnetonka Blvd, Saint Louis Park, MN for Sale
$5,250,000 USD
Apartments - FOR SALE
1/43
null | 6.1% Cap Rate

8400 Minnetonka Blvd
Saint Louis Park, MN 55426


OVERVIEW

50-unit apartment property, which includes two 11-unit buildings, one 27-unit building and one SFH. The property is set on 1.74 acres and is adjacent to the Cedar Bike Trail. There has been significant development within a half mile of this property including the Texa-Tonka strip center and new apartment construction. There is an assumable loan with interest rate of 3.91% fixed to 2/2027.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

50

PRICE/UNIT

$105,000

CAP RATE

6.1%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trailway Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

R4

APN/PARCEL ID

07-117-21-43-0004,07-117-21-44-0100,07-117-21-44-0101

ASK ABOUT THIS PROPERTY

Kirk KenneallyColdwell Banker Commercial RealtyMore Info
763-232-8821

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Kirk KenneallyColdwell Banker Commercial RealtyMore Info
763-232-8821

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