604 Knight St - Apartments FOR SALE
Saint Peter, MN 56082 |
$3,775,000 USD
612-337-1840
604 Knight St
Saint Peter, MN 56082
HIGHLIGHTS
- Turnkey asset with operational stability and potential for rental rate increases through continued interior improvements and market rent alignment.
- Located in Saint Peter MN 20 minutes north of Mankato positioned next to the hospital.
- Variety of unit mix’s and floor plans including some ADA compliant units.
- Roof replacements completed in 2022 for Building 624 and associated garages.
- Roof replacements completed in 2024 for Building 604 and associated garages.
- Parking lot resealed in 2025, enhancing curb appeal and longevity.
FOR SALE DETAILS
PRICE
$3,775,000 USD
PRICE/SF
$86 USD /SF
# OF UNITS
36
PRICE/UNIT
$104,861
CAP RATE
6.74%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Rock Ridge Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2003
PARKING SPACES
80
LAND DETAILS
LAND ACRES
3.09 AC
LAND SF
134,600 SF
ZONING
-
APN/PARCEL ID
R-19.755.0020
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612-337-1840
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612-337-1840
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