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Madison Fieldcrest Apartments 213 9th Ave 24 Unit Apartment Building $980,000 ($40,833/Unit) Madison, MN 56256
Investment Highlights
- Twenty-four-unit multifamily investment with a mix of one- and two-bedroom apartments.
- Main-level units feature private outdoor patios for resident enjoyment.
- On-site laundry room includes coin-operated machines for tenant convenience.
- Property-wide updates completed in 2019, including flooring, carpeting, toilets, and sliding glass doors.
- Upper-level units offer individual decks with added outdoor living space.
Executive Summary
24 units! 3-1 bedroom and 21-2 bedroom apartments. Main level and upper level. 2 buildings, south and north. Each property has had a lot of updates such as new toilets, flooring, carpets, and sliding glass doors. All done in 2019. Tenants are responsible for electricity heat and cable tv. Owner responsible for water sewer garbage and lawn and snow. Also, the main level offers outside patio and the upper level have decks. Laundry room offers coin operated machines.
Property Facts
| Price | $980,000 | Building Class | C |
| Price Per Unit | $40,833 | Lot Size | 1.22 AC |
| Sale Type | Investment | Building Size | 18,250 SF |
| No. Units | 24 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1978/2019 |
| Apartment Style | Low-Rise | ||
| Zoning | Residential | ||
| Price | $980,000 |
| Price Per Unit | $40,833 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 18,250 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2019 |
| Zoning | Residential |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Deck
- Vinyl Flooring
Site Amenities
- Controlled Access
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $620.00 | 600 |
| 2+1 | 22 | - | 775 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $690,900 | |
| Land Assessment | $20,000 | Total Assessment | $710,900 |
Property Taxes
Parcel Numbers
Land Assessment
$20,000
Improvements Assessment
$690,900
Total Assessment
$710,900
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Contact the Sale Advisor
Madison Fieldcrest Apartments | 213 9th Ave