200 10th Ave E | Lamberton, MN 56152
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- LoopNet Team
200 10th Ave E
Lamberton, MN 56152
Valley View Apartments · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Current rents are 86.0% of top of the market rents
- There are 15 unfurnished units (14 are 1 bed; 1 is 2 bed) and 21 furnished units
- Parking is plentiful and there is some other income upside charging for parking
- New ownership, based upon area rent comps, can raise rents up to $107 / unit
- New ownership has the opportunity to implement interior unit upgrade program
- New leases will be paying for electricity, which has the capability of substantially reducing utility expense on the property
PROPERTY FACTS
| No. Units | 36 | Lot Size | 1.15 AC |
| Property Type | Multifamily | Building Size | 29,259 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1981 |
| Zoning | Commercial | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.15 AC |
| Building Size | 29,259 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1981 |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Refrigerator
SITE AMENITIES
- Laundry Facilities
PROPERTY TAXES
| Parcel Number | 83-760-0420 | Improvements Assessment | $575,800 |
| Land Assessment | $22,600 | Total Assessment | $598,400 |
PROPERTY TAXES
Parcel Number
83-760-0420
Land Assessment
$22,600
Improvements Assessment
$575,800
Total Assessment
$598,400
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