Off Market 220 Unit Minneapolis MN, 16 Building Portfolio:
Off Market 220 Unit Minneapolis MN, 16 Building Portfolio: Ask $29M + 3% 10% assignment fee
Buyer’s Fee, 7.7% Cap. Class B, 100% Occupancy
Current/Actuals: 7.7% Cap Rate, 1.60 DCR, 9.1% CoC
Total # of Units: 220
Current Ask: $29M
# of Buildings: 16 (All within close proximity to each other, 1 Property Management Company
Can Manage).
Building Class: B
Neighborhood Class: B
Current Gross Actual Annual Rent: $2,489,004
Total Vacancies: 3 (99% Occupancy)
Average Rent (Current): $1,076
Market Rent: $1,250
Potential Annual Gross: $2,948,364.00
Over 100 Units recently fully renovated in past 12 months and already back to fully rented.
Need a POF and LOI to get in-depth information. POF must show bank contact with phone
number.
Offering