57 6th Ave S - Apartments FOR SALE


Hopkins, MN 55343
$1,350,000 USD
612-270-4730
57 6th Ave S, Hopkins, MN for Sale
$1,350,000 USD
Apartments - FOR SALE
1/1
null | 6.84% Cap Rate

57 6th Ave S
Hopkins, MN 55343


HIGHLIGHTS

  • 12-unit apartment community in the highly desirable Hopkins submarket | Projected Year-1 NOI of $92,383, representing a 6.84% cap rate
  • Prime location just blocks from Downtown Hopkins Mainstreet | Individually controlled HVAC systems for each unit, reducing maintenance
  • Strong rental demand supported by a high-barrier-to-entry market | Desirable unit mix featuring six 1-bedroom/1-bath units and six 2-bedroom
  • Walkable to restaurants, breweries, shopping, parks, and entertainment | Thirteen on-site parking spaces, complemented by ample city-owned parking
  • Convenient access to Highway 7, Highway 169, Interstate 394, and Downtown Minneapolis
  • Value-add opportunity through minor cosmetic unit renovations and continued rental growth

OVERVIEW

The Loon is a 12-unit apartment community ideally located in the heart of Hopkins, one of the Twin Cities' most desirable first-ring suburbs. Positioned just steps from the vibrant Downtown Hopkins Mainstreet district, the property offers residents convenient access to an array of restaurants, breweries, coffee shops, retail, parks, and entertainment. Its central location also provides quick access to Highway 7, Highway 169, Interstate 394, and several of the region's largest employment hubs. The property presents investors with the opportunity to acquire a well-located multifamily asset in a market supported by strong renter demand, excellent neighborhood amenities, and long-term growth fundamentals. Whether an investor is seeking stable cash flow, future rent growth, or a long-term hold in a proven submarket, The Loon offers an attractive combination of location, accessibility, and investment potential.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

12

PRICE/UNIT

$112,500

CAP RATE

6.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Loon

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

24-117-22-43-0019

ASK ABOUT THIS PROPERTY

Robert DulinCushman & WakefieldMore Info
612-270-4730

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Robert DulinCushman & WakefieldMore Info
612-270-4730

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