8311 Excelsior Blvd - Apartments FOR SALE


Hopkins, MN 55343
$875,000 USD
612-751-0872
8311 Excelsior Blvd, Hopkins, MN for Sale
$875,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

8311 Excelsior Blvd
Hopkins, MN 55343


OVERVIEW

Don’t miss this turnkey, fully leased seven-unit apartment building on Excelsior Blvd in Hopkins — one of the most accessible and tenant-friendly corridors in the western suburbs. All seven units are one-bedrooms, which means consistent tenant profiles, straightforward management/maintenance, and no complex infrastructure to worry about. New roof, boiler, and newer driveway mean the major capital items are already done. This is a running operation, not a renovation project.The price per unit is in line with what buyers are currently paying for 2-4 unit buildings in Hopkins. Seven doors for the cost of four is a rare find in this market, and it makes this an ideal move for an investor rolling out of a duplex or single family investment property looking to scale without taking on a complex asset. Easy to self-manage, low maintenance unit mix, and a location that provides historically low to no vacancy. Excelsior Blvd puts tenants within walking distance of restaurants, grocery, retail, and Park Nicollet Methodist Hospital just over a mile away. 494 corridor is also minutes away, which covers both commuters and anyone who prefers to get around without a car. Tenants have what they need close by, and that shows up in retention.Please contact Phil@ts-re.com to receive the full offering memorandum and financials.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

7

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

19-117-21-41-0004

ASK ABOUT THIS PROPERTY

Phil CameronRE/MAX Results Eden PrairieMore Info
612-751-0872

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Phil CameronRE/MAX Results Eden PrairieMore Info
612-751-0872

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