7662-7668 W 142nd St - Apartments FOR SALE


Apple Valley, MN 55124
$679,900 USD
651-263-3653
7662-7668 W 142nd St, Apple Valley, MN for Sale
$679,900 USD
Apartments - FOR SALE
1/26
null | 6.76% Cap Rate

7662-7668 W 142nd St
Apple Valley, MN 55124


HIGHLIGHTS

  • Premier Apple Valley Suburban Location
  • Four Large Spacious Two-Bedroom and Two Bathroom
  • In Unit Washer and Dryers
  • Five Attached Garages for Tenants
  • Patios and Balconies
  • Newer Central Air Conditioners and Forced Air Furnaces

OVERVIEW

Unique opportunity to invest into this rare 4-plex in a premier Apple Valley suburban location. Fully occupied and stable with large two bedroom units. Units 7662 and 7666 are both two bedroom, one bath, with approximately 840 sqft. Units 7664 and 7668 are both two bedroom, one and 3/4 bath, with roughly 920 sqft. Each apartment either has a patio or a balcony. Garages are attached and each unit comes with a single car garage with the exception of one unit that has a 2-car garage. Built in 1986 with slab on grade construction and a pitched roof. Every unit has its own separate forced air furnace and central air conditioning. All the utilities are separate as well and residents pay for their own gas, electric, and water bills. The owner just pays for real estate taxes, hazard insurance, common electric, exterior water spigots, and rubbish. The kitchens are large with built-in office nooks and include dishwashers. The secured main entrance is an attractive vaulted two story with skylights and adds to the appeal. Washers and Dryers are in the unit and owned. The current owner has replaced two air conditioning units, a furnace, and all the water heaters. This truly is a one of a kind and could be converted into condominiums. The property is surrounded by mostly owner-occupied single family homes, townhomes, or condos and is very close to the Apple Valley Transit Station, Minnesota Zoo, Mall of America, and the Minneapolis International Airport.

FOR SALE DETAILS

PRICE

$679,900 USD

PRICE/SF

$152 USD /SF

# OF UNITS

4

PRICE/UNIT

$169,975

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

Multi-Family

APN/PARCEL ID

01-56950-01-260

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 Notice.