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Golden Oaks Apartments 8420 42nd Ave N 12 Unit Apartment Building For Sale New Hope, MN 55427
Investment Highlights
- Professionally designed low-rise apartment community
- Located near shopping, dining, parks, and everyday services
- Convenient access to Highway 169, I-694, and major commuter routes.
- Ample parking with approximately 22 parking spaces
Executive Summary
Golden Oaks Apartments presents an opportunity to acquire a 12-unit multifamily property in the established New Hope market. Situated on approximately 0.73 acres, the property offers a mix of one- and two-bedroom units, on-site amenities, and convenient access to major transportation corridors, retail destinations, and neighborhood services. The asset provides investors with a well-located apartment community in a mature northwest metro submarket.
Property Facts
| Sale Type | Investment | Lot Size | 0.73 AC |
| No. Units | 12 | Building Size | 11,793 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 2.37/1,000 SF |
| Building Class | C | ||
| Zoning | R-4 - R-4 (Multiple-Family Residential) | ||
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 11,793 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | R-4 - R-4 (Multiple-Family Residential) |
Amenities
Unit Amenities
- Cable Ready
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 10 | - | 800 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 18-118-21-12-0006 | Improvements Assessment | $1,470,000 |
| Land Assessment | $180,000 | Total Assessment | $1,650,000 |
Property Taxes
Parcel Number
18-118-21-12-0006
Land Assessment
$180,000
Improvements Assessment
$1,470,000
Total Assessment
$1,650,000
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Contact the Sale Advisor
Golden Oaks Apartments | 8420 42nd Ave N