For Sale
$875,000

500 2Nd St Twin Valley, MN 56584

15-Unit Multifamily Investment, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 15-unit apartment building presents a compelling investment opportunity in Twin Valley, Minnesota. Located at 500 2nd St SW, this stabilized, Class C property boasts 16,008 square feet and offers a diverse mix of unit sizes: three one-bedroom units, ten two-bedroom units, and two three-bedroom units. Built in 1993, the three-story building benefits from modern infrastructure and requires minimal upkeep, making it ideal for an owner-operator seeking a low-maintenance investment. Currently operating at 100% occupancy, this property provides immediate and substantial returns. The asking price is $875,000, translating to approximately $59,666 per unit. Situated in the desirable Twin Valley area, this well-maintained complex offers a prime location and significant potential for long-term growth. The property's strong performance and attractive features make it a highly desirable addition to any investment portfolio. Detailed financial information is available upon request. This is a turnkey opportunity not to be missed.

Highlights

  • 16,008 SF multifamily property with 15 units in Twin Valley, MN.
  • 15-unit apartment building offering diverse unit mix (3 one-bedroom, 10 two-bedroom, 2 three-bedroom).
  • Built in 1993 with modern infrastructure, minimizing maintenance needs.
  • Prime Twin Valley location.
  • 100% occupancy, generating immediate cash flow.
  • Well-maintained, turnkey investment opportunity; asking price $875,000.

Property Details for 500 2Nd St

Property type
Apartment buildings
Square Feet
16,008 SF
Class
C
Year Built
1993
Stories
3
Units
15

Location Insight

City
Twin Valley
County
Norman
State
Minnesota
Latitude
47.2552889
Longitude
-96.2609543

FAQs

What type of property is this?
Apartment building - 15-Unit Multifamily Investment, 100% Occupancy
Where is the apartment building located?
The property is located at 500 2Nd St Twin Valley, MN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 16,008 SF multifamily property with 15 units in Twin Valley, MN.; 15-unit apartment building offering diverse unit mix (3 one-bedroom, 10 two-bedroom, 2 three-bedroom).; Built in 1993 with modern infrastructure, minimizing maintenance needs.
How can I contact the broker?
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500 2Nd St
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