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Austin City Limits Apartments 3303 W Oakland Ave 56 Unit Apartment Building $2,900,000 ($51,786/Unit) 5.61% Cap Rate Austin, MN 55912
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $51,786 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.44 AC |
| Cap Rate | 5.61% | Building Size | 56,000 SF |
| No. Units | 56 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 2.18/1,000 SF |
| Zoning | Apartments | ||
| Price | $2,900,000 |
| Price Per Unit | $51,786 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 56,000 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 56 | - | 228 - 332 |
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PROPERTY TAXES
| Parcel Number | 34-875-0021 | Total Assessment | $2,722,200 |
| Land Assessment | $91,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,630,500 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
34-875-0021
Land Assessment
$91,700
Improvements Assessment
$2,630,500
Total Assessment
$2,722,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Austin City Limits Apartments | 3303 W Oakland Ave
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