206-292-1600
HIGHLIGHTS
- Opportunity to acquire a 286-unit asset with 93.7% of units covered by a project-based Option 3B HAP contract
- Strong historical occupancy trends averaging above 97%. The property is currently 98.6% occupied and 99.7% leased
- Property is eligible for the Minnesota 4D Housing Tax Incentive
- Property recently received an 89 NSPIRE physical inspection report score
- The Minneapolis-St. Paul-Bloomington, MI-WI HUD Metro FMR area has experienced an average FMR growth of 8.34% over the past three years
- A mix of one-, two-, and three-bedroom units featuring a microwave and dishwasher
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Afton View Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1970
PARKING SPACES
250
LAND DETAILS
LAND ACRES
14.17 AC
LAND SF
617,258 SF
ZONING
-
APN/PARCEL ID
11-28-22-12-0015
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206-292-1600
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206-292-1600
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