612-812-7525
2701 11th Ave, Anoka, MN for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate


HIGHLIGHTS

  • Predictable Section 8 Revenue
  • In-Place Accretive Debt
  • Forward Rent Growth Opportunity at Contract Expiration
  • Premier Accessibility to Retail
  • Townhome-style Living
  • Professional Third-Party Management

OVERVIEW

Offers Due July 14 CBRE Minneapolis Multifamily is pleased to present Sunny Acres - an income restricted-project based affordable community nestled in historic and charming Anoka. Sunny Acres operates under a Section 8 / HOME affordability structure, providing predictable and recession-resistant income streams. The HAP contract is in-place until November of 2029. This expiration offers future upside as a mark to market opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

52

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunny Acres

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

100

LAND DETAILS

LAND ACRES

4.9 AC

LAND SF

213,444 SF

ZONING

R-2

APN/PARCEL ID

06-31-24-14-0029,06-31-24-14-0030

ASK ABOUT THIS PROPERTY

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

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

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

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