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Silver Lake Town Homes 7734-7748 Silver Lake Rd 23 Unit Apartment Building $3,000,000 ($130,435/Unit) 6.81% Cap Rate Mounds View, MN 55112

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INVESTMENT HIGHLIGHTS

  • Great location
  • Recently remodeled
  • Large units

EXECUTIVE SUMMARY

23 unit multi family. 12- 2br's, 11- 1br's. Strong rental history and location. Remodeled in 2022. Garages

PROPERTY FACTS

Price $3,000,000
Price Per Unit $130,435
Sale Type Investment
Cap Rate 6.81%
Gross Rent Multiplier 24
No. Units 23
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.18 AC
Building Size 29,064 SF
No. Stories 3
Year Built/Renovated 1970/2022
Parking Ratio 2.87/1,000 SF

AMENITIES

UNIT AMENITIES

  • Balcony
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 11 $1,150 800
2+1 12 $1,350 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-30-23-34-0099
Land Assessment
$183,800
Improvements Assessment
$2,457,300
Total Assessment
$2,641,100
  • Listing ID: 39042482

  • Date on Market: 1/10/2026

  • Last Updated:

  • Address: 7734-7748 Silver Lake Rd, Mounds View, MN 55112

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