400 17th St NW - Apartments FOR SALE


East Grand Forks, MN 56721
$5,400,000 USD
916-216-4606
400 17th St NW, East Grand Forks, MN for Sale
$5,400,000 USD
Apartments - FOR SALE
1/18
null | 7.23% Cap Rate

400 17th St NW
East Grand Forks, MN 56721


HIGHLIGHTS

  • Exceptionally Attractive Going-In Basis
  • $165,000 of Additional Income Via Continued Unit Interior Modernizations
  • Long-Term Owner-Operator (10+ Years)
  • Strategically Located with Strong Connectivity
  • Flexible Capitalization - Offered Free & Clear or with Assumable Financing

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire Brentwood Estates, in East Grand Forks, Minnesota. Built in 1972, this 144-unit asset provides a compelling value-add opportunity. With direct access to major highways, higher education institutions, and retail centers, the property is extraordinarily well located. Brentwood Estates presents a value-add opportunity at a compelling basis well below replacement cost.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

144

PRICE/UNIT

$37,500

CAP RATE

7.23%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brentwood Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

190

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

83.02833.00

ASK ABOUT THIS PROPERTY

Josh BenardMMGMore Info
916-216-4606

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Josh BenardMMGMore Info
916-216-4606

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