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AbleLight Village 1519 82nd St 52 Unit Apartment Building For Sale Victoria, MN 55386
Investment Highlights
- 55+ Active Adult Community
- Walkability to Vibrant Downtown Victoria
- Adjacent to Large Park
Executive Summary
CBRE Minneapolis Multifamily is pleased to present AbleLight Village, a 55+ active adult community consisting of both traditional and townhome units. The current ownership developed the project with a specific mission, reserving 20% of the units for individuals with developmental disabilities, regardless of age.
AbleLight Village is a high-quality property evident in its design and construction and has consistently since stabilization has had excellent resident retention and a waitlist for its 20% disability units. Located in the rapidly growing Twin Cities metro area near Chaska, and Chanhassen, the property enjoys a prime location adjacent to a large park and offers walkable access to the vibrant downtown area of Victoria. AbleLight Village also holds a TIF note with a current balance of roughly $2.4 million.
AbleLight Village is a high-quality property evident in its design and construction and has consistently since stabilization has had excellent resident retention and a waitlist for its 20% disability units. Located in the rapidly growing Twin Cities metro area near Chaska, and Chanhassen, the property enjoys a prime location adjacent to a large park and offers walkable access to the vibrant downtown area of Victoria. AbleLight Village also holds a TIF note with a current balance of roughly $2.4 million.
Property Facts
| Sale Type | Investment | Lot Size | 4.32 AC |
| No. Units | 52 | Building Size | 109,877 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Garden | Parking Ratio | 0.25/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.32 AC |
| Building Size | 109,877 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 0.25/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 734 |
| 2+2 | 41 | - | 1,017 - 1,216 |
Property Taxes
| Parcel Number | 65.2420010 | Improvements Assessment | $9,412,000 |
| Land Assessment | $1,129,100 | Total Assessment | $10,541,100 |
Property Taxes
Parcel Number
65.2420010
Land Assessment
$1,129,100
Improvements Assessment
$9,412,000
Total Assessment
$10,541,100
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AbleLight Village | 1519 82nd St
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