Property Description Investment Opportunity: 23-Unit Apartment Building. A prime value-add investment with strong cash flow potential! 14 spacious 2-bedroom units and Nine 1-bedroom units.
This property offers an excellent opportunity to enhance cash flow through active management and upgrades, making it ideal for investors seeking steady income and future growth.
Details
Maps
Contract Information
Status: Active
Current Price: 675000
Contingency: None
ListPrice: 675000
List Date: 2026-05-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Waterfront Present: No
Year Built: 1974
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 10357
For Sale or Lease: For Sale
Acres: 0.87
Lot Dimensions: 231.5x330
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 3200
Street Name: Maple
Street Suffix: Avenue
Postal City: Slayton
County: Murray
State: MN
Zip Code: 56172
Assessments
Assessment Balance: 1569
Tax With Assessments: 11408
Building Information
Building Finished SqFt: 18000
Building SqFt: 20714
Income and Expenses
Annual Gross Expenses: 73700
Annual Gross Income: 150780
Annual Net Income: 77080
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 41
Section#: 15
Township#: 106
Sale Options
Sale Includes: Building
Unit 1
No. of 1 Bedroom Units: 9
Unit 2
No. of 2 Bedroom Units: 14
Unit Details
Total Units: 23
Property Features
Accessible: Other
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned; Other
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Commercial; Residential
Exterior: Brick Veneer
Fencing: None
Flooring: Carpet; Tile; Vinyl/Linoleum
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Baseboard; Boiler; Hot Water
Loan Terms: Cash; Conventional
Lot Description: Irregular Lot
On Site Utilities: Electric Common; Electric Separate