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727 15th Ave SE
Minneapolis, MN 55414
Varsity Apartments · Multifamily Property For Sale
·
15 Units
Investment Highlights
- In the Heart of Dinkytown on the University of Minnesota Campus, Two buildings totaling 66 units.
- brand new large student housing construction developments on both sides of the buildings with the U of M practice football field across the street.
- Incredible & Rare Opportunity, Stable Investment or Student Housing Development
Property Facts
| No. Units | 15 | Building Size | 41,488 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1936 |
| Building Class | C | Parking Ratio | 0.45/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | R5 - Multiple Family District | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 41,488 SF |
| Average Occupancy | 82% |
| No. Stories | 4 |
| Year Built | 1936 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | R5 - Multiple Family District |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Bicycle Storage
- Maintenance on site
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 120 - 300 |
| 1+1 | 6 | - | 300 |
| 2+1 | 2 | - | 500 |
Property Taxes
| Parcel Number | 24-029-24-41-0020 | Improvements Assessment | $3,422,500 |
| Land Assessment | $181,500 | Total Assessment | $3,604,000 |
Property Taxes
Parcel Number
24-029-24-41-0020
Land Assessment
$181,500
Improvements Assessment
$3,422,500
Total Assessment
$3,604,000
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