157 W 3rd St - Apartments FOR SALE


Winona, MN 55987
$4,800,000 USD
507-450-7867
157 W 3rd St, Winona, MN for Sale
$4,800,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

157 W 3rd St
Winona, MN 55987


OVERVIEW

Discover this rare opportunity to own the historic Kensington, a premier investment property in the heart of downtown Winona. This vibrant 55+ community pairs a dynamic residential atmosphere with a thriving commercial clientele. Steps away from dining, shopping and entertainment, this well-established property boasts modern amenities, a vibrant social scene, and a loyal resident base. As retirement grows at a record pace, this is a prime moment to invest. The property is meticulously maintained and fully rented. There is also an option to acquire an additional parcel, a large commercial lot with garages and parking offering further development potential. Contact us today to learn more about this exceptional turnkey investment!

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

58

PRICE/UNIT

$82,759

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Kensington

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1890

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,864 SF

ZONING

C

APN/PARCEL ID

32.000.1360

ASK ABOUT THIS PROPERTY

Cherie BurkeKeller Williams Premier RealtyMore Info
507-450-7867

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Cherie BurkeKeller Williams Premier RealtyMore Info
507-450-7867

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