952-852-9700
7750 Silver Lake Rd, Mounds View, MN for Sale
Multi-Family - FOR SALE
1/23
null | Request Cap Rate

7750 Silver Lake Rd
Mounds View, MN 55112


HIGHLIGHTS

  • 23-unit multifamily community located in the established Mounds View submarket
  • Balanced unit mix of 11 one-bedroom and 12 two-bedroom residences
  • Long-term ownership of 26 years reflecting consistent care and stewardship
  • Comprehensive interior renovations completed four years ago, including LVP flooring, dark mahogany cabinetry, and stainless steel appliances
  • Strong parking offering with 33 surface spaces and 16 garage stalls
  • Stable asset positioned for continued operational durability and longterm cash flow

OVERVIEW

present the opportunity to acquire Silverview Estates, a multifamily property located in Mounds View, Minnesota. The property is positioned within an established residential setting and benefits from convenient access to nearby parks and neighborhood amenities. Silverview Estates is within walking distance of Lakeside Lions Park, which offers a fishing pier, volleyball courts, and a baseball diamond along the shores of Spring Lake, enhancing the day-to-day appeal for residents. Constructed in 1978, Silverview Estates is comprised of 23 residences, including 11 one-bedroom units and 12 two-bedroom units. The residences average approximately 852 square feet and currently achieve average rents of $1,247 per month, offering a balanced unit mix and an attainable rent profile for the submarket. The property is situated on a 1.33-acre site and features a strong parking offering with 33 surface parking spaces and 16 garage spaces, supporting tenant convenience and long-term leasing stability. The property has been under the same ownership for 26 years and has been well maintained and thoughtfully cared for over that period. Four years ago, ownership completed comprehensive interior renovations, including the installation of LVP flooring, dark mahogany cabinetry, and stainless steel appliances. In addition, a whole-building water softener was added in recent years to support plumbing preservation. The combination of long-term ownership, completed upgrades, and a well-located Mounds View setting positions Silverview Estates as a stable investment opportunity with continued durability and appeal.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

23

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silverview Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

06-30-23-34-0099

ASK ABOUT THIS PROPERTY

Abe RobertsMarcus & MillichapMore Info
952-852-9700

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Abe RobertsMarcus & MillichapMore Info
952-852-9700

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