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Listing Details
- $419,900
- MLS# 7015348
- Type Commercial - Business
- Status Active
Listed By
Agency Name: RE/MAX Results
Agency Phone: 952-431-2400
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
Description
The Oaks Apartments are located in an Opportunity Zone. The Oaks offers a 9.1 Cap Rate, a 5.4 GRM, 10% Cash on Cash 1st year with a 1.25 DSCR loan at a 51% operating expense ratio. There are eleven units with a mix of two studio, three one bedroom, five two bedroom, and one three bedroom apartments. The units are well maintained with all repair and maintenance issues addressed promptly and professionally. The Oaks Apartments offers a low vacancy and turn over rate. There are a few legacy tenants. There is plenty of parking for residents and guests. The coin operated washer and dryer on site are owned by the seller and included in the sale....read more
Features
- Heating: Forced Air
- Taxes: $4,410
- Water: City Water/Connected
- Year Built: 1955
Gallery
Listed By
Agency Name: RE/MAX Results
Agency Phone: 952-431-2400
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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