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7405 W 123rd St
Apple Valley, MN 55124
Briar Oaks · Multifamily Property For Sale
·
36 Units
PROPERTY FACTS
| No. Units | 36 | Building Size | 30,050 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.12/1,000 SF |
| Lot Size | 2.52 AC | ||
| Zoning | N/Av, Apple Valley | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 30,050 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | N/Av, Apple Valley |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
- Patio
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Security System
- Grill
ABOUT 7405 W 123RD ST , APPLE VALLEY, MN 55124
Grand Manor Apartments is a 36-unit apartment community located in Apple Valley, Minnesota, just 20 minutes south of Minneapolis-St. Paul. The property consists of a single building occupying 2.5 acres of land, with two detached garage buildings. Additional off-street parking is available. Constructed in 1970, the property offers a multitude of layouts, including, one-, two-, and three-bedroom floorplans. The majority are three-bedroom, 1.5-bathroom units, ideal for families. Additionally, there are two two-bedroom styles available, varying in square footage – small two-bed options are 820 sq. feet, while the larger units are over 900 square feet. Within the past year, current ownership has invested significant capital into the asset thus enhancing its curb appeal. Grand Manor Apartments is the ideal location in Apple Valley. This area provides tenants with countless dining, shopping, and recreational amenities. Located along Cedar Avenue, one of the main thoroughfares in Apple Valley and the south metro, tenants enjoy abundant amenities all within close proximity to the property. Grand Manor also provides ease of access to Interstate-35 towards St. Paul and Minneapolis, while Cedar Avenue connects to the Minneapolis-St. Paul International Airport.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $812.50 | 651 |
| 2+1 | 17 | $897.50 | 820 - 910 |
| 3+2 | 12 | $1,008 | 1,120 |
PROPERTY TAXES
| Parcel Number | 01-16600-01-012 | Improvements Assessment | $3,510,500 |
| Land Assessment | $749,900 | Total Assessment | $4,260,400 |
PROPERTY TAXES
