This Multifamily Property is Off-Market.

3848-3852-3854 West Broadway
Robbinsdale, MN 55422 ·

88 Units · Multifamily For Sale

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Robinwood Apartments

Price N/A Cap Rate 7.30%
No. Units 88 Gross Rent Multiplier 8.20
Building Size 60,000 SF Occupancy 97%
Property Type Multifamily No. Stories 3
Property Sub-type Garden/Low-Rise Year Built 1958
Property Use Type Investment
Listing ID: 14683380 Date Created: 06/28/2006 Last Updated: 09/11/2006

Description

This is an 88 unit apartment property that was built in 1958. The property consists of four apartment buildings. the buildings have attractive an easy to maintain brick exterioirs. Each building has a laundry facility. Th seller owns the machines. Each of the buildings has 22 units consisting of 21 one bedroom units and 1 two bedroom unit. There is ample off street parking for the residents. The heat is supplied by a gas fired boiler. The residents pay for their own electricity. Unit amenities include stove, refrigerator, air conditioner and high speed internet hookup. Each building has a secured entry system. Some improvements to the property include all new roofs in 1991, electrical upgrade in 1994, all new aluminum windows in 1994, three new boilers in the last 7 years and all new hot water heaters in the last 5 years. Most of the units have received new carpeting in the last 2 years. Most of the units have received new refrigerators in the last 4 years.

The Robinwood Apartments are located within a block of downtown Robbinsdale. Robbinsdale is a 1st teir northwest suburb of Minneapolis. The residents find it very convenient to be within walkng distance of public transportation, shopping, restaurants, schools, parks, and downtown Robbinsdale.

Highlights

  • Great Location Near Downtown Robbinsdale
  • Some major Improvements
  • Attractive Brick Buildings
  • Excellent Occupancy

Research

3848-3852-3854 West Broadway, Robbinsdale, MN 55422 (Hennepin County)

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