3200 Maple Ave - Apartments FOR SALE


Slayton, MN 56172
$650,000 USD
612-423-1841
3200 Maple Ave, Slayton, MN for Sale
$650,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

3200 Maple Ave
Slayton, MN 56172


OVERVIEW

Well-maintained 32-unit one-bedroom senior apartment building featuring common areas, individually metered electric, and an updated boiler system. Property is in solid overall condition with a consistent unit layout and on-site parking. HUD contract in place through 10/31/2026, perfect for future HUD-to-market conversion opportunity upon contract expiration. Offered as a value-add investment opportunity with current financial performance below market, allowing upside through operational improvements, rent optimization, and expense management. Suitable for senior housing operations, affordable housing strategies, or market-rate repositioning with stable long-term demand. Ideal for value-add investors, , affordable housing operators, and HUD/senior housing specialists.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$22 USD /SF

# OF UNITS

32

PRICE/UNIT

$20,313

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slayton Senior

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,662 SF

ZONING

-

APN/PARCEL ID

29-015-0240

ASK ABOUT THIS PROPERTY

Dylan MaitlandRe/max ResultsMore Info
612-423-1841

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Dylan MaitlandRe/max ResultsMore Info
612-423-1841

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