5740 Sander Dr - Apartments FOR SALE


Minneapolis, MN 55417- Wenonah
$1,060,000 USD
651-263-3653
5740 Sander Dr, Minneapolis, MN for Sale
$1,060,000 USD
Apartments - FOR SALE
1/42
null | 8.09% Cap Rate

5740 Sander Dr
Minneapolis, MN 55417
Wenonah


HIGHLIGHTS

  • ALL BRICK EXTERIOR IN GREAT SHAPE
  • NEWER VINYL REPLACEMENT WINDOWS
  • 7 OF THE 11 UNITS ARE RENOVATED!!
  • NEWER ROOF AND PLENTY OF OFF STREET PARKING

OVERVIEW

5740 SANDER DRIVE WAS WELL BUILT IN 1964 ON A LARGE 0.28 ACRE LOT IN SOUTH MINNEAPOLIS, MN. THE ALL BRICK EXTERIOR DESIGN FEATURES TEN ONE-BEDROOM APARTMENTS AND ONE TWO-BEDROOM. ALL OF THE UNITS HAVE A FULL BATHROOM, LARGE LIVING ROOM, GOOD SIZE EAT-IN-KITCHEN, AND LOTS OF CLOSET SPACE. THE LIVING ROOMS HAVE OVERSIZE PICTURE WINDOWS THAT ALLOW A TON OF NATURAL LIGHT INTO THE SPACE. ALL THE WINDOWS HAVE BEEN REPLACED RECENTLY. THE RESIDENTS ENJOY ONSITE LAUNDRY, OFF-STREET PARKING, AND BEING CLOSE TO TRANSPORTATION, THE MALL OF AMERICA, THE MPLS. AIRPORT, AND PLENTY OF EMPLOYMENT AND JOBS. THE CURRENT RENTS ARE BELOW MARKET AND OFFER A NEW OWNER THE OPPORTUNITY TO INCREASE CASH FLOW ON LEASE RENEWALS BY RAISING RENTS. AMAZING OPPORTUNITY! CALL FOR MORE DETAILS! 8% CAP RATE

FOR SALE DETAILS

PRICE

$1,060,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

11

PRICE/UNIT

$96,364

CAP RATE

8.09%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R5

APN/PARCEL ID

19-028-23-23-0087

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

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Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

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