7232 Portland Ave - Apartments FOR SALE
Richfield, MN 55423 |
7232 Portland Ave
Richfield, MN 55423
HIGHLIGHTS
- Offering an opportunity for substantial rental growth potential through interior upgrades.
- Opportunity to take advantage of an estimated $195/unit average monthly premium on rents, capturing a 19.6% ROI.
- The Richfield submarket has recently experienced multiple properties undergo extensive renovations.
- These renovated units were quickly absorbed by the market and have increased the average rents in the area.
- Proximity to major highways like 494 and 35W facilitate easy access to neighboring cities and the broader Twin Cities metro.
- Its location provides residents with convenient access to urban amenities and employment opportunities.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Portland Terrace Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
101217
STORIES
3
YEAR BUILT
1963
PARKING SPACES
100
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
34-028-24-14-0006
