Listed by Apartment Cash Flow Inc.
$1,300,000
Village Green Apartments
Details
APN 21-577-1320
Property Type Multifamily
Sub Type Apartment Building
Square Footage 19,200
Units 24
Cap Rate 7.01%
NOI $91,103
Tenancy Multi
Class C
Year Built 1979
Year Renovated 2019
Buildings 3
Acreage 0.970
Parking Spaces 34 spaces
Parking Per SqFt 1.77
Investment Type Value Add
Value-Add Opportunity in Southern MN / Built 1980 / 0.97 Acres
Marketing description
Village Green Apartments is a superior chance to acquire a value-add opportunity in southern Minnesota close to Iowa. The unit mix offers fourteen two-bedroom and ten one-bedroom all with one bathroom. The property consists of three 8-plexes and is situated on a 0.97-acre corner lot. Includes on-site coin laundry, newer water heaters, and plenty of off-street parking! This one has huge potential with organically raising rents to market while improving the operating expenses to quickly increase VALUE!
Investment highlights
- Value-add opportunity in southern Minnesota close to Iowa
- Unit mix offers fourteen two-bedroom and ten one-bedroom all with one bathroom
- Property consists of three 8-plexes and is situated on a 0.97-acre corner lot
- Includes on-site coin laundry, newer water heaters, and plenty of off-street parking
- Huge potential with organically raising rents to market while improving the operating expenses to quickly increase VALUE
Listing Contacts
Listed by Apartment Cash Flow Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,103.13
$7,591.93/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
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