600 Burton Ln - Apartments FOR SALE


Fairmont, MN 56031
$2,800,000 USD
651-500-4720
600 Burton Ln, Fairmont, MN for Sale
$2,800,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

600 Burton Ln
Fairmont, MN 56031


HIGHLIGHTS

  • Located in an "Opportunity Zone"
  • Strong Occupancy Rates
  • Great location within blocks of groceries and retail
  • Coin Laundry is owned and Included

OVERVIEW

City Side Estates is a well-maintained, 36-unit apartment community with 19 garages, strategically located within a designated Opportunity Zone on the southeast side of Fairmont. The property benefits from strong and consistent occupancy, offering investors both stability and upside potential. Conveniently positioned near grocery stores, retail centers, schools, and the Mayo Clinic Health System, the location supports continued tenant demand and long-term desirability. The property features durable Chicago brick construction, complemented by attractive common areas with tiled hallways. Upper-level units (second and third floors) offer sliding glass doors that open to private decks, enhancing tenant appeal. A number of units have been updated, providing a blend of classic construction and modern improvements. Buyers requesting financial information and tours should provide a signed N.D.A. with proof of funds. Please contact listing Broker Kevin Goettl to schedule your tour today!

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

36

PRICE/UNIT

$77,778

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City Side Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

R

APN/PARCEL ID

232650020

ASK ABOUT THIS PROPERTY

Kevin GoettlKevin GoettlMore Info
651-500-4720

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

Kevin GoettlKevin GoettlMore Info
651-500-4720

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