612-812-7525
1148 McAndrews Rd E, Burnsville, MN for Sale
Apartments - FOR SALE
1/110
null | Request Cap Rate


HIGHLIGHTS

  • BTR/Value-Add Upside
  • Discount to replacement cost
  • Gap to homeownership
  • Strength and Stability of Burnsville Market

OVERVIEW

CBRE Minneapolis Multifamily is pleased to present Wyngate Townhomes. Wyngate Townhomes was built in 2002, has large open floor plans, and attached two car garages offering residents the feel of homeownership. It benefits from a market with a lack of townhome rental options in the submarket thus increasing demand. The units are all three bedroom/two bath floorplans, averaging 1,535 square feet, and have a full-size washer and dryer, gas fireplace, and dishwashers. Located in Burnsville, Minnesota - Wyngate Townhomes benefits from excellent proximity to highways, major medical employers and an abundance of local and national retailers. This property is being offered free and clear or as an assumption of the current financing (current loan amount $7,775,609, 3.9% interest, matures 12/01/2029).

FOR SALE DETAILS

PRICE

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# OF UNITS

50

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wyngate Townhomes-Burnsville

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2002

PARKING SPACES

180

LAND DETAILS

LAND ACRES

3.73 AC

LAND SF

162,274 SF

ZONING

-

APN/PARCEL ID

02-85600-01-010

ASK ABOUT THIS PROPERTY

Ted AbramsonCBRE, Inc.More Info
612-812-7525

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Ted AbramsonCBRE, Inc.More Info
612-812-7525

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