371 Winthrop St S | Saint Paul, MN 55119
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- LoopNet Team
371 Winthrop St S
Saint Paul, MN 55119
Afton View Apartments · Multifamily Property For Sale
·
268 Units
INVESTMENT HIGHLIGHTS
- Opportunity to acquire a 286-unit asset with 93.7% of units covered by a project-based Option 3B HAP contract
- Property is eligible for the Minnesota 4D Housing Tax Incentive
- The Minneapolis-St. Paul-Bloomington, MI-WI HUD Metro FMR area has experienced an average FMR growth of 8.34% over the past three years
- Strong historical occupancy trends averaging above 97%. The property is currently 98.6% occupied and 99.7% leased
- Property recently received an 89 NSPIRE physical inspection report score
- A mix of one-, two-, and three-bedroom units featuring a microwave and dishwasher
PROPERTY FACTS
| No. Units | 268 | Building Size | 181,754 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.76/1,000 SF |
| Lot Size | 14.17 AC | ||
| Zoning | RM2 - Medium-Density Multiple-Family Residential | ||
| No. Units | 268 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 14.17 AC |
| Building Size | 181,754 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.76/1,000 SF |
| Zoning | RM2 - Medium-Density Multiple-Family Residential |
AMENITIES
UNIT AMENITIES
- Cable Ready
- High Speed Internet Access
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 44 | - | 582 |
| 2+1 | 168 | - | 703 |
| 3+1 | 56 | - | 836 |
PROPERTY TAXES
| Parcel Number | 11-28-22-12-0015 | Improvements Assessment | $21,205,400 |
| Land Assessment | $5,720,000 | Total Assessment | $26,925,400 |
PROPERTY TAXES
Parcel Number
11-28-22-12-0015
Land Assessment
$5,720,000
Improvements Assessment
$21,205,400
Total Assessment
$26,925,400
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