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7750 Silver Lake Rd - Silverview Estates 23 Unit Apartment Building Offered For Sale Mounds View, MN 55112
Investment Highlights
- 23-unit multifamily community located in the established Mounds View submarket
- Long-term ownership of 26 years reflecting consistent care and stewardship
- Strong parking offering with 33 surface spaces and 16 garage stalls
- Balanced unit mix of 11 one-bedroom and 12 two-bedroom residences
- Comprehensive interior renovations completed four years ago, including LVP flooring, dark mahogany cabinetry, and stainless steel appliances
- Stable asset positioned for continued operational durability and longterm cash flow
Executive Summary
present the opportunity to acquire Silverview Estates, a multifamily property located in Mounds View, Minnesota.
The property is positioned within an established residential setting and benefits from convenient access to nearby parks and neighborhood amenities. Silverview Estates is within walking distance of Lakeside Lions Park, which offers a fishing pier, volleyball courts, and a baseball diamond along the shores of Spring Lake, enhancing the day-to-day appeal for residents.
Constructed in 1978, Silverview Estates is comprised of 23 residences, including 11 one-bedroom units and 12 two-bedroom units. The residences average approximately 852 square feet and currently achieve average rents of $1,247 per month, offering a balanced unit mix and an attainable rent profile for the submarket. The property is situated on a 1.33-acre site and features a strong parking offering with 33 surface parking spaces and 16 garage spaces, supporting tenant convenience and long-term leasing stability.
The property has been under the same ownership for 26 years and has been well maintained and thoughtfully cared for over that period. Four years ago, ownership completed comprehensive interior renovations, including the installation of LVP flooring, dark mahogany cabinetry, and stainless steel appliances. In addition, a whole-building water softener was added in recent years to support plumbing preservation. The combination of long-term ownership, completed upgrades, and a well-located Mounds View setting
positions Silverview Estates as a stable investment opportunity with continued durability and appeal.
The property is positioned within an established residential setting and benefits from convenient access to nearby parks and neighborhood amenities. Silverview Estates is within walking distance of Lakeside Lions Park, which offers a fishing pier, volleyball courts, and a baseball diamond along the shores of Spring Lake, enhancing the day-to-day appeal for residents.
Constructed in 1978, Silverview Estates is comprised of 23 residences, including 11 one-bedroom units and 12 two-bedroom units. The residences average approximately 852 square feet and currently achieve average rents of $1,247 per month, offering a balanced unit mix and an attainable rent profile for the submarket. The property is situated on a 1.33-acre site and features a strong parking offering with 33 surface parking spaces and 16 garage spaces, supporting tenant convenience and long-term leasing stability.
The property has been under the same ownership for 26 years and has been well maintained and thoughtfully cared for over that period. Four years ago, ownership completed comprehensive interior renovations, including the installation of LVP flooring, dark mahogany cabinetry, and stainless steel appliances. In addition, a whole-building water softener was added in recent years to support plumbing preservation. The combination of long-term ownership, completed upgrades, and a well-located Mounds View setting
positions Silverview Estates as a stable investment opportunity with continued durability and appeal.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 800 |
| 2+1 | 12 | - | 900 |
1 1
Property Taxes
| Parcel Number | 06-30-23-34-0099 | Improvements Assessment | $2,457,300 |
| Land Assessment | $183,800 | Total Assessment | $2,641,100 |
Property Taxes
Parcel Number
06-30-23-34-0099
Land Assessment
$183,800
Improvements Assessment
$2,457,300
Total Assessment
$2,641,100
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7750 Silver Lake Rd - Silverview Estates
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