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7620 Penn Ave S
Richfield, MN 55423
The Concierge · Multifamily Property For Sale
·
698 Units
PROPERTY FACTS
| No. Units | 698 | Building Size | 457,620 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1968/2016 |
| Building Class | B | Parking Ratio | 2.33/1,000 SF |
| Lot Size | 24.00 AC |
| No. Units | 698 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 24.00 AC |
| Building Size | 457,620 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built/Renovated | 1968/2016 |
| Parking Ratio | 2.33/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Sauna
- Spa
- Tenant Controlled HVAC
- Tennis Court
- Basketball Court
- Furnished Units Available
- Gameroom
- Grill
- Putting Greens
- Recycling
- Volleyball Court
- Storage Space
- Lounge
- Maintenance on site
- Online Services
- Walk-Up
- Smoke Detector
ABOUT 7620 PENN AVE S , RICHFIELD, MN 55423
Significant Capital Improvements Made Past Few Years Renovated 693 units. Renovations include: •Stainless appliance package •New flooring throughout (units and common areas) •New bathroom vanities and faucets •New kitchen cabinets, granite countertops and faucets •New light fixtures in all units and LED lights throughout property •Electronic locks at all unit entry doors Exterior & interior painted (2016-2017) Parking lot added and newly sealed parking lot (2018) Roofs replaced: •Building 7720 (2 sections in 2017 and 1 section in 2018) •Building 7710 Boilers replaced in the 7710-7720 buildings in 2017 and 2018 ($126,000) Pool deck stained, new pool filtration system and pump overhauled (2016) Complete clubhouse renovation
PROPERTY TAXES
| Parcel Number | 32-028-24-44-0003 | Improvements Assessment | $78,145,000 |
| Land Assessment | $10,070,000 | Total Assessment | $88,215,000 |
PROPERTY TAXES
