1201 Highview Dr - Apartments FOR SALE


Albany, MN 56307
$1,644,000 USD
320-253-0003
1201 Highview Dr, Albany, MN for Sale
$1,644,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1201 Highview Dr
Albany, MN 56307


HIGHLIGHTS

  • The property has fire alarm panel monitoring for safety and compliance.
  • Asphalt roofing installed in May 2025.
  • Owner-operated coin laundry on every floor of each building.
  • Large green space and asphalt lot with 36 parking stalls.
  • Wall-mounted A/C units in each apartment.
  • Very well-maintained buildings with proven upkeep.

OVERVIEW

Well-maintained multifamily community offering consistent rental demand and operational efficiency. Recent capital improvements—including exterior upgrades, mechanical updates, and refreshed interiors—position this asset as a turnkey investment with limited near-term maintenance needs. Strong amenities, ample parking, and on-site laundry facilities further enhance tenant appeal. Located in Albany, MN, the property benefits from a growing community with convenient access to employment, schools, and regional connectivity.

FOR SALE DETAILS

PRICE

$1,644,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

24

PRICE/UNIT

$68,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

40.25184.0000

ASK ABOUT THIS PROPERTY

Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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Mike BobickSVN | GC Real EstateMore Info
320-253-0003

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