Log In/Sign Up
Your email has been sent.
2701 11th Ave
Anoka, MN 55303
Sunny Acres · Multifamily Property For Sale
·
52 Units
Investment Highlights
- Predictable Section 8 Revenue
- Forward Rent Growth Opportunity at Contract Expiration
- Townhome-style Living
- In-Place Accretive Debt
- Premier Accessibility to Retail
- Professional Third-Party Management
Executive Summary
CBRE Minneapolis Multifamily is pleased to present Sunny Acres - an income restricted-project based affordable community nestled in historic and charming Anoka. Sunny Acres operates under a Section 8 / HOME affordability structure, providing predictable and recession-resistant income streams. The HAP contract is in-place until November of 2029. This expiration offers future upside as a mark to market opportunity.
Property Facts
| Sale Type | Investment | Lot Size | 4.90 AC |
| No. Units | 52 | Building Size | 60,660 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Garden | Parking Ratio | 1.65/1,000 SF |
| Building Class | C | ||
| Zoning | R-2 | ||
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.90 AC |
| Building Size | 60,660 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | R-2 |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
- Playground
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 702 - 707 |
| 2+1 | 30 | - | 930 - 965 |
| 3+2 | 10 | - | 1,228 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,622,200 | |
| Land Assessment | $708,700 | Total Assessment | $7,330,900 |
Property Taxes
Parcel Numbers
Land Assessment
$708,700
Improvements Assessment
$6,622,200
Total Assessment
$7,330,900
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
