315 E Main St - Apartments FOR SALE


Cyrus, MN 56323
$1,699,000 USD
320-491-2176
315 E Main St, Cyrus, MN for Sale
$1,699,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

315 E Main St
Cyrus, MN 56323


OVERVIEW

Excellent investment opportunity in charming Cyrus! This 24 unit apartment complex operates at nearly 100% occupancy and provides plenty of green space that is so coveted by the apartment clientele. Located 22 miles SW of Alexandria, 6.5 miles East of Morris and 9 miles West of Starbuck, there is plenty of draw to this smaller but well maintained country town. Comprised of 3 separate 8-unit buildings, this complex provides ample parking, well-maintained grounds, several updates and a great return! Main St building is all main level living with 8-1 bedroom units and Cyrus Garden East and West buildings mirror each other with 7-2 bedroom units and 1-1 bedroom unit in each. Start investing in real estate today or expand your portfolio with this turn-key complex that will start making you money on day one!

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

24

PRICE/UNIT

$70,792

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cyrus Garden on Main

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,288 SF

ZONING

Commercial

APN/PARCEL ID

22-0068-000

ASK ABOUT THIS PROPERTY

Stu WoodEdina RealtyMore Info
320-491-2176

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Stu WoodEdina RealtyMore Info
320-491-2176

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