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Slayton Senior 3200 Maple Ave 32 Unit Apartment Building $650,000 ($20,313/Unit) Slayton, MN 56172
Executive Summary
Well-maintained 32-unit one-bedroom senior apartment building featuring common areas, individually metered electric, and an updated boiler system. Property is in solid overall condition with a consistent unit layout and on-site parking. HUD contract in place through 10/31/2026, perfect for future HUD-to-market conversion opportunity upon contract expiration. Offered as a value-add investment opportunity with current financial performance below market, allowing upside through operational improvements, rent optimization, and expense management. Suitable for senior housing operations, affordable housing strategies, or market-rate repositioning with stable long-term demand. Ideal for value-add investors, , affordable housing operators, and HUD/senior housing specialists.
Property Facts
| Price | $650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $20,313 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.89 AC |
| No. Units | 32 | Building Size | 27,513 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1979 |
| Price | $650,000 |
| Price Per Unit | $20,313 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 27,513 SF |
| No. Stories | 3 |
| Year Built | 1979 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Patio
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 680 |
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-015-0240 | Improvements Assessment | $551,900 |
| Land Assessment | $48,000 | Total Assessment | $599,900 |
Property Taxes
Parcel Number
29-015-0240
Land Assessment
$48,000
Improvements Assessment
$551,900
Total Assessment
$599,900
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Contact the Sale Advisor
Slayton Senior | 3200 Maple Ave