Listed by Apartment Cash Flow Inc.
$1,549,900
Village View Apartments
Details
APN PID #19.00295.00, PID #19.00296.00, PID #19.00297.00
Property Type Multifamily
Sub Type Student Housing, Single Family Rental Portfolio
Square Footage 18,773
Units 21
Cap Rate 8.53%
NOI $132,245
Occupancy 97.5%
Tenancy Multi
Pro-Forma Cap Rate 8.53%
Pro-Forma NOI $132,245
Price per SqFt $83
Class C
Year Built 1965
Year Renovated 2020
Buildings 3
Stories 3
Acreage 0.920
Zoning Multi-Family
Parking Spaces 30 spaces
Parking Per SqFt 1.60
Investment Type Value Add
Sale Condition 1031 exchange
Three Buildings Situated on 0.92 Acres with Strong Rental History and newer roofs
Marketing description
Village View Apartments is a perfectly located multi-family asset with 21-units, one block off the main-street in downtown Sauk Rapids, MN. This value-add opportunity in the Saint Cloud metro area sits on a full block with 0.92 acres and consists of a 12-unit, an 8-unit and a single-family home. The unit mix on the apartments is 17 two bedroom and 3 one bedroom all with one bathroom. Professionally managed along with newer roofs, brick exterior & 12-garages!
Investment highlights
- Perfectly located multi-family asset with 21-units, one block off the main-street in downtown Sauk Rapids, MN
- Value-add opportunity in the Saint Cloud metro area
- Sits on a full block with 0.92 acres
- Consists of a 12-unit, an 8-unit and a single-family home
- Unit mix: 17 two bedroom and 3 one bedroom all with one bathroom
- Professionally managed
- Newer roofs replaced in 2020
- Brick exterior
- 12 garages
- 30+ off-street parking spots
- Seller owned coin-operated washers & dryers
Listing Contacts
Listed by Apartment Cash Flow Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,244.63
$11,020.39/mo
Valuation Metrics
0
DSCR
8.53%
Cap Rate
8.53%
ROI
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