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421-431 State Ave
Owatonna, MN 55060
Maple View Apartments · Multifamily Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Building Size | 14,472 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1932 |
| Building Class | C | Parking Ratio | 3.73/1,000 SF |
| Lot Size | 1.22 AC | ||
| Zoning | R-6 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 14,472 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1932 |
| Parking Ratio | 3.73/1,000 SF |
| Zoning | R-6 |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Heating
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
ABOUT 421-431 STATE AVE , OWATONNA, MN 55060
The apartment buildings were built in 1932 and were originally part of the county orphanage which housed offices, classrooms, and sleeping rooms. In 1975 the buildings were renovated into apartment buildings. The garages were built in 1987. There is ample off-street parking in addition to the garages. Owatonna is a community of approximately 25,000 in population located near Interstate 35 and Highways 218 and 14. There are many businesses and industries in Owatonna. The community has experienced moderate growth rate in population over the past 10 years. Owatonna is the county seat for Steele County. It is known as one of the wealthiest cities in the state of Minnesota on a per capita basis. There are more than 500 retail, wholesale and professional firms and more than 40 diversified industrial firms in Owatonna. The Maple View Apartments is conveniently located on State Avenue approximately one mile from Interstate 35 and US Highway 14. The property is approximately 8 blocks from the thriving downtown area.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | 650 |
| 1+1 | 10 | - | 750 |
| 2+1 | 4 | - | 850 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,095,600 | |
| Land Assessment | $140,500 | Total Assessment | $1,236,100 |
PROPERTY TAXES
