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14030 Chestnut Drive - Chestnut Apartments, Eden Prairie, MN

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14030 Chestnut Drive - Chestnut Apartments

Eden Prairie, MN 55347-1626 - Eden Prairie MF Submarket

Property Type:Multi-Family Number of Units:159 Status:Existing Year Built:1974
Stories:3 Building Size:191,904 SF Land Area:8.55 AC (372,438 SF)
For Sale Price:$18,100,000 Price/Unit:$113,836.48 Cap Rate:6.00 % GRM:-


No utilities included in rent.

Sale Notes:
The Chestnut Apartment Community is a beautiful apartment property consisting of 7 apartment buildings with a total of 159 units including 15 studio units, 68 one bedroom units, 45 two bedroom units, 11 two bedroom + den units and 20 three bedroom units. Phase I was built in 1974 and has 123 units. Phase II was built in 2000 and has 36 units. The buildings have attractive two and three story designs. Phase I amenities include tuck under garages, detached garages, laundry facilities, fitness center and community room. Phase II amenities include underground parking, elevator, controlled access and a washer and dryer in the units. The property also has a heated swimming pool and a picnic area with barbecue. The residents pay all their utilities.

Michel Commercial Real Estate
Peter Michel
(952) 474-1325

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