This Multifamily Property is Off-Market.

14701 Portland Avenue
Burnsville, MN 55306 ·

400 Units · Multifamily For Sale

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The Woods of Burnsville (Principals Only)

Price N/A Occupancy 95%
No. Units 400 No. Stories 3
Building Size 381,026 SF Year Built 1984
Property Type Multifamily Lot Size 22 AC
Property Sub-type Garden/Low-Rise APN / Parcel ID 02-15388-010-01
Property Use Type Investment Parking Ratio 2.23 / 1,000 SF
Listing ID: 15610460 Date Created: 03/13/2008 Last Updated: 06/17/2008

Description

The Woods of Burnsville is a 400-unit apartment community consists of 6 three-story residential buildings above underground garage parking (which houses 408 parking spaces - 12 of which are designated as handicapped spaces), and 1 clubhouse There are 893 parking spaces in total providing a ratio of 2.23 spaces per unit.

On-site amenities include an outdoor swimming pool with large sun deck, a clubhouse offering a community room with lounge area, a business center and a fitness center, playground area, sand volleyball court, basketball court, tennis court and sauna. Additioal amenities include a community barbecue area and outdoor gazebo, rentable storage spaces, controlled building access, and elevators.

The units feature comfortable kitchens with medium wood cabinetry, laminate countertops, double-bowl stainless steel sink and vinyl flooring, a complete appliance package including refrigerator, dishwasher, garbage disposal and gas oven/range, walk-in closets, and spacious baths with medium wood vanities.

The property is offered free and clear, or subject to bond financing as summarized below.

Located in a southern suburb of Minneapolis, the area offers excellent access to suburban Bloomington, Minneapolis-St. Paul International Airport, downtown Minneapolis, and some of the Minneapolis MSA' s most popular amenities. Located adjacent to Dakota County Road 42, within 0.5 miles of I-35 E and 0.75 miles of I-35 W, and less than 3 miles south of Minnesota Highway 13, The Property features both excellent visibility and convenient access to the southern suburbs' major commuting routes. Top employers including Fairview Health Services, Seagate Technology, West Information Publishing Group, Blue Cross and Blue Shield, Lockheed Martin, Northwest Airlines and the University of Minnesota are all accessible within a short drive, as are popular amenities including Buck Hill Ski Area, Burnsville' s popular new downtown (Heart of the City), the Minnesota Valley National Wildlife/Recreation Area, Bloomington' s Mall of America, and downtown Minneapolis.

The offering is subject to errors and omissions and is further subject to change or withdrawal without notice. Building sizes and site areas are approximated.

Please contact Tom Moran or Peter Evans for more information regardin

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14701 Portland Avenue, Burnsville, MN 55306 (Dakota County)

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