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5930-5950 W Broadway Ave
Minneapolis, MN 55428
Krystal Kourts · Multifamily Property For Sale
·
36 Units
Investment Highlights
- First time available in nearly 45 years, a true pride-of-ownership community in a high-demand Twin Cities suburb.
- Situated on 2.43 acres with abundant parking, across from Broadway Park and minutes from shopping, dining, and major retail corridor on Bass Lake Road
- 36-total units with an even split between one-bedroom and two-bedroom units
- Clear Loss-to-Lease Upside – Current rents average $1,003 per month, well below market comparables, providing immediate revenue potential.
- Low-cost basis with Value-Add potential
- New roofs on all three buildings and all garages
Property Facts
| No. Units | 36 | Building Size | 23,456 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 4/1,000 SF |
| Lot Size | 2.43 AC |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.43 AC |
| Building Size | 23,456 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 4/1,000 SF |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Carpet
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gated
- Grill
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 550 |
| 1+1 | 18 | - | 700 |
| 2+1 | 10 | - | 900 |
Property Taxes
| Parcel Number | 05-118-21-24-0002 | Improvements Assessment | $3,016,000 |
| Land Assessment | $540,000 | Total Assessment | $3,556,000 |
Property Taxes
Parcel Number
05-118-21-24-0002
Land Assessment
$540,000
Improvements Assessment
$3,016,000
Total Assessment
$3,556,000
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