3200 S Maple Ave - Apartments FOR SALE


Slayton, MN 56172
$799,900 USD
612-423-1841
3200 S Maple Ave, Slayton, MN for Sale
$799,900 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

3200 S Maple Ave
Slayton, MN 56172


OVERVIEW

Investment Opportunity: 23-Unit Apartment Building. A prime value-add investment with strong cash flow potential! 14 spacious 2-bedroom units and Nine 1-bedroom units. Recently installed new roof. Annual gross income: $150,780. Annual operating expenses: $73,700. Annual net operating income: $77,080 This property offers an excellent opportunity to enhance cash flow through active management and upgrades, making it ideal for investors seeking steady income and future growth. Contact Dylan 612.423.1841 for showings. Tuesday and Thursday are best for showings with 48 hour notice. Building sqft not accurate. Financials approximate. 9 current vacancies. Value add opportunity with improvements and filled vacancies.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$36 USD /SF

# OF UNITS

23

PRICE/UNIT

$34,778

CAP RATE

Request Cap Rate

% LEASED

61%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southgate Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,396 SF

ZONING

Residential-Multi-Family

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 Policy.