5930-5950 W Broadway Ave - Apartments FOR SALE
Minneapolis, MN 55428 |
5930-5950 W Broadway Ave
Minneapolis, MN 55428
HIGHLIGHTS
- First time available in nearly 45 years, a true pride-of-ownership community in a high-demand Twin Cities suburb.
- Clear Loss-to-Lease Upside – Current rents average $1,003 per month, well below market comparables, providing immediate revenue potential.
- Situated on 2.43 acres with abundant parking, across from Broadway Park and minutes from shopping, dining, and major retail corridor on Bass Lake Road
- Low-cost basis with Value-Add potential
- 36-total units with an even split between one-bedroom and two-bedroom units
- New roofs on all three buildings and all garages
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Krystal Kourts
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
23456
STORIES
2
YEAR BUILT
1966
PARKING SPACES
76
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
05-118-21-24-0002
