7425 123Rd StApple Valley, MN 55124

Property Details for 7425 123Rd St

Year built

1970

Construction

WOOD

Lot size

1.66 AC

Property size (Sq ft)

23,240 SF

Zone code

R

Property type

Apartment buildings

APN

01-16600-01-011

APU

11660001011

Description

This well-maintained three-story apartment building, constructed in 1970, presents a compelling investment opportunity in Apple Valley, Minnesota. Situated on a 1.66-acre lot overlooking Briar Pond, the property offers residents a tranquil setting while enjoying proximity to highly-rated schools, diverse dining options, shopping centers, and major employment centers. The building encompasses 15,312 square feet of net rentable space, distributed across 24 units. Historically, Briar Pond Apartments has maintained near 100% occupancy, demonstrating strong tenant demand and a stable rental income stream. The property's location in a desirable suburban area, combined with its consistently high occupancy rate, makes it an attractive investment. This presents a value-add opportunity for potential investors to modernize units and potentially increase rental income to align with current market rates. The single building structure simplifies management and maintenance, while the substantial lot size offers potential for future development or expansion. The property's address is 7425 123rd St W, Apple Valley, MN 55124, within Dakota County.

Location Insight

City

Apple Valley

County

Dakota

State

Minnesota

Latitude

44.7713

Longitude

-93.215

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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