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RoK Lofts 410 S Minnesota Ave 36 Unit Apartment Building $6,650,000 ($184,722/Unit) Saint Peter, MN 56082
Investment Highlights
- NOI $450,000.00
- 100% Occupancy w/Seller Leaseback
- Owner/User Opportunity if desired
Executive Summary
Located along Highway 169 in downtown St. Peter, MN, just 1 hour south of the Twin Cities or 10 minutes north of Mankato. This building is located in a new (2022-2023) mixed-use development with highway retail frontage. Minnesota Avenue (Highway 169) is the metro-connection from Iowa to the Twin Cities. Traffic Counts of 30,000+ daily make these spaces highly desirable in a retail-forward neighborhood.
Property Facts
| Price | $6,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $184,722 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.67 AC |
| No. Units | 36 | Building Size | 30,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2022 |
| Price | $6,650,000 |
| Price Per Unit | $184,722 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.67 AC |
| Building Size | 30,000 SF |
| No. Stories | 3 |
| Year Built | 2022 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
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Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R-19.412.4145 | Improvements Assessment | $3,950,800 |
| Land Assessment | $431,600 | Total Assessment | $4,382,400 |
Property Taxes
Parcel Number
R-19.412.4145
Land Assessment
$431,600
Improvements Assessment
$3,950,800
Total Assessment
$4,382,400
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RoK Lofts | 410 S Minnesota Ave
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