Log In/Sign Up
Your email has been sent.
Cyrus Garden on Main 315 E Main St 24 Unit Apartment Building $1,499,900 ($62,496/Unit) 8.60% Cap Rate Cyrus, MN 56323
Executive Summary
Excellent investment opportunity in charming Cyrus! This 24 unit apartment complex operates at nearly 100% occupancy and provides plenty of green space that is so coveted by the apartment clientele. Located 22 miles SW of Alexandria, 6.5 miles East of Morris and 9 miles West of Starbuck, there is plenty of draw to this smaller but well maintained country town. Comprised of 3 separate 8-unit buildings, this complex provides ample parking, well-maintained grounds, several updates and a great return! Main St building is all main level living with 8-1 bedroom units and Cyrus Garden East and West buildings mirror each other with 7-2 bedroom units and 1-1 bedroom unit in each. Start investing in real estate today or expand your portfolio with this turn-key complex that will start making you money on day one!
Property Facts
| Price | $1,499,900 | Apartment Style | Low-Rise |
| Price Per Unit | $62,496 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 8.60% | Building Size | 20,246 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | ||
| Zoning | Commercial | ||
| Price | $1,499,900 |
| Price Per Unit | $62,496 |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 20,246 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Zoning | Commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Carpet
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 577 - 594 |
1 1
Property Taxes
| Parcel Number | 22-0068-000 | Improvements Assessment | $193,700 |
| Land Assessment | $10,000 | Total Assessment | $203,700 |
Property Taxes
Parcel Number
22-0068-000
Land Assessment
$10,000
Improvements Assessment
$193,700
Total Assessment
$203,700
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Cyrus Garden on Main | 315 E Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.