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Highland Gables Apartments 6281-6289 N Louisiana Ave 35 Unit Apartment Building For Sale Brooklyn Park, MN 55428
Investment Highlights
- Assumable debt at a rate of 3.39% for just under 5 years remaining
- Value-add opportunity
Executive Summary
Properties Available Together or Individually
Located just two miles from one another, Highland Gables & Hanson Court offer investors a unique, assumable debt opportunity with ease of management logistics. The properties are available together as a portfolio or separately as individual properties.
Further information can be found here: https://www.northmarqlistings.com/handler/executivesummary.aspx?pv=8gfwWrWuAinKQ6RBzQNpTo4GWMSyAHPU7FGsHK1IClU
Located just two miles from one another, Highland Gables & Hanson Court offer investors a unique, assumable debt opportunity with ease of management logistics. The properties are available together as a portfolio or separately as individual properties.
Further information can be found here: https://www.northmarqlistings.com/handler/executivesummary.aspx?pv=8gfwWrWuAinKQ6RBzQNpTo4GWMSyAHPU7FGsHK1IClU
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 1.39 AC |
| No. Units | 35 | Building Size | 20,121 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 2.53/1,000 SF |
| Zoning | R5 - Residential | ||
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.39 AC |
| Building Size | 20,121 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 2.53/1,000 SF |
| Zoning | R5 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Hardwood Floors
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 650 |
| 1+1 | 10 | - | 750 |
| 2+1 | 24 | - | 900 |
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Property Taxes
| Parcel Number | 32-119-21-34-0022 | Improvements Assessment | $3,946,500 |
| Land Assessment | $415,000 | Total Assessment | $4,361,500 |
Property Taxes
Parcel Number
32-119-21-34-0022
Land Assessment
$415,000
Improvements Assessment
$3,946,500
Total Assessment
$4,361,500
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Highland Gables Apartments | 6281-6289 N Louisiana Ave
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