1115 14th Ave SE, Minneapolis, MN for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

1115 14th Ave SE
Minneapolis, MN 55414
Northeast Park


HIGHLIGHTS

  • Attractive Assumable Debt
  • Management & Rental Expense Normalization Upside
  • Capital Expenditures
  • Prime Location & Connectivity 

OVERVIEW

???????CBRE Minneapolis Multifamily is pleased to present Southeast Flats, a 16-unit multifamily asset located at 1115 14th Ave SE on the border of the Marcy-Holmes and Como neighborhoods in Minneapolis. Situated just off Hennepin Avenue, the offering presents investors with a well-located, recently renovated asset featuring attractive assumable debt, a clear value-add opportunity through expense reduction, and a proven rental submarket anchored by the University of Minnesota.

FOR SALE DETAILS

PRICE

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# OF UNITS

16

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SE Flats I

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,622 SF

ZONING

R6

APN/PARCEL ID

24-029-24-12-0002

ASK ABOUT THIS PROPERTY

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