500 2Nd StTwin Valley, MN 56584
- Apartment buildings
- 16,008 SF
Property Details for 500 2Nd St
- Year built
- 1993
- Property size (Sq ft)
- 16,008 SF
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Twin Valley
- County
- Norman
- State
- Minnesota
- Latitude
- 47.2553
- Longitude
- -96.261
Comparable in this City
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