213 9th Ave - Apartments FOR SALE


Madison, MN 56256
$980,000 USD
320-226-5021
213 9th Ave, Madison, MN for Sale
$980,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

213 9th Ave
Madison, MN 56256


HIGHLIGHTS

  • Twenty-four-unit multifamily investment with a mix of one- and two-bedroom apartments.
  • Property-wide updates completed in 2019, including flooring, carpeting, toilets, and sliding glass doors.
  • Main-level units feature private outdoor patios for resident enjoyment.
  • Upper-level units offer individual decks with added outdoor living space.
  • On-site laundry room includes coin-operated machines for tenant convenience.

OVERVIEW

24 units! 3-1 bedroom and 21-2 bedroom apartments. Main level and upper level. 2 buildings, south and north. Each property has had a lot of updates such as new toilets, flooring, carpets, and sliding glass doors. All done in 2019. Tenants are responsible for electricity heat and cable tv. Owner responsible for water sewer garbage and lawn and snow. Also, the main level offers outside patio and the upper level have decks. Laundry room offers coin operated machines.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

24

PRICE/UNIT

$40,833

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Fieldcrest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

Residential

APN/PARCEL ID

54-0640-030,54-0640-040

ASK ABOUT THIS PROPERTY

Dawn PetersonPeterson Team RealtyMore Info
320-226-5021

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

Dawn PetersonPeterson Team RealtyMore Info
320-226-5021

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