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7400 Penn Ave S
Richfield, MN 55423
Multifamily Property For Sale
·
11 Units
Property Facts
| No. Units | 11 | Building Size | 10,671 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 0.39 AC | ||
| Zoning | Apartments | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 10,671 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | Apartments |
Amenities
Site Amenities
- Laundry Facilities
About 7400 PENN AVE S , RICHFIELD, MN 55423
11 Unit Building in Great Location. Clean and well cared for! 6-2 bedrooms and 5-1 bedrooms, fully leased ! Eight units have updated flooring and appliances and the other three are long term tenants. 17 off street parking spaces, owned coin laundry and all units have a storage unit in the basement. See supplements for floor plan, rent roll and pro-forma.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $884.50 | 814 |
| 1+1 | 5 | $772.50 | 640 |
Property Taxes
| Parcel Number | 32-028-24-41-0001 | Improvements Assessment | $1,054,000 |
| Land Assessment | $132,000 | Total Assessment | $1,186,000 |
Property Taxes
Parcel Number
32-028-24-41-0001
Land Assessment
$132,000
Improvements Assessment
$1,054,000
Total Assessment
$1,186,000
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