For Sale
Call for price
550 3Rd Ave Virginia, MN 55792
156-unit senior housing, value-add opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- 14-story, 116,246 square foot apartment building with 156 units (87,465 net rentable square feet) in Virginia, MN.
- 94% occupancy.
- 1.26-acre lot with 60 parking spaces featuring head bolt heater outlets.
- Amenities include controlled access, community room with kitchen, BBQ area, two elevators, on-site laundry, and on-site management.
- Project-based Section 8 property zoned R-5, near the CBD, Essentia Health, and Minnesota North College.
- Free of ground lease obligations.
Property Details for 550 3Rd Ave
- Property type
- Retirement homes, Apartment buildings
- Square Feet
- 116,246 SF
- Class
- C
- Year Built
- 1976
- Buildings
- 1
- Stories
- 14
- Lot Size (sq. ft)
- 54,886 SF
- Units
- 156
Location Insight
- City
- Virginia
- County
- St. Louis
- State
- Minnesota
- Latitude
- 47.52740796178
- Longitude
- -92.534987226927
550 3Rd Ave, Virginia, Minnesota
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retirement home - 156-unit senior housing, value-add opportunity
- Where is the retirement home located?
- The property is located at 550 3Rd Ave Virginia, MN.
- What are key features of this property?
- This property features: 14-story, 116,246 square foot apartment building with 156 units (87,465 net rentable square feet) in Virginia, MN.; 94% occupancy.; 1.26-acre lot with 60 parking spaces featuring head bolt heater outlets.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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