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7000 Sandell Ave 7000 Sandell Ave 18 Unit Apartment Building $4,000,000 ($222,222/Unit) Edina, MN 55435
Executive Summary
Spectacular location, adjacent to the high-end Galleria shopping mall, Southdale Center mall and France Avenue. Active 18-unit condo building, with 1 acre of land, with redevelopment potential for a 60 unit, 4 story building. Currently 18 condo units, 18 detached garages, 3 laundry rooms, mailroom, large storage building, and community patio area. Listing real estate broker (acting as facilitator, is 1/2 owner of the building. Edina, Minnesota was recently names the number one suburb in the country by StorageCafe:
https://www.islands.com/1995057/americas-number-one-suburb-edina-city-like-living-chic-walkable-just-outside-minneapolis/
https://www.islands.com/1995057/americas-number-one-suburb-edina-city-like-living-chic-walkable-just-outside-minneapolis/
Data Room Click Here to Access
Property Facts
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $222,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Sale Condition | Redevelopment Project | Building Size | 18,150 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1960 |
| Price | $4,000,000 |
| Price Per Unit | $222,222 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 18,150 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1960 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Package Service
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 850 |
| 1+1 | 6 | - | 650 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Numbers | Improvements Assessment | $148,600 | |
| Land Assessment | $63,000 | Total Assessment | $211,600 |
Property Taxes
Parcel Numbers
Land Assessment
$63,000
Improvements Assessment
$148,600
Total Assessment
$211,600
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Presented by
Fix Realty
7000 Sandell Ave | 7000 Sandell Ave
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