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Cherrywood Apartments 23 Neptune St N 1 Unit Apartment Building $799,000 ($799,000/Unit) 8.76% Cap Rate Cosmos, MN 56228
Executive Summary
Fully occupied 13-unit apartment building consisting of 12 one-bedroom units and 1 studio. Units have been well kept and feature modern updates. Property includes on-site coin-operated laundry for additional income. Strong rental history with full occupancy. Financials available in supplements.
Property Facts Under Contract
| Price | $799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $799,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.40 AC |
| Cap Rate | 8.76% | Building Size | 8,040 SF |
| No. Units | 1 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1980/2023 |
| Price | $799,000 |
| Price Per Unit | $799,000 |
| Sale Type | Investment |
| Cap Rate | 8.76% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 8,040 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 670 |
1 1
Property Taxes
| Parcel Number | 21-0024000 | Improvements Assessment | $447,100 |
| Land Assessment | $26,900 | Total Assessment | $474,000 |
Property Taxes
Parcel Number
21-0024000
Land Assessment
$26,900
Improvements Assessment
$447,100
Total Assessment
$474,000
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Presented by
TKRE LLC
Cherrywood Apartments | 23 Neptune St N
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