5740 Sander Drive

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Address: 5740 Sander Drive, Minneapolis, Minnesota, US
Created date: April 3, 2024
Date last updated: April 4, 2024
  • Proforma: 8% Cap Rate
  • Proforma: 1.4 Debt Service Coverage Ratio
  • Room to grow rents
  • Minutes from the airport, light rail, and Lake Nokomis

Property Description

Experience the untapped potential of Farmington Apartments, a promising investment opportunity in Minneapolis, MN. Boasting a proforma cap rate exceeding 8%, this property offers substantial upside for astute investors. With the majority of units primed for upgrades, including refurbished cabinets, new carpets, and modernized appliances, there's an opportunity to enhance the property's value and command higher rents. By implementing strategic improvements, this property presents a compelling prospect for maximizing returns and positioning for sustained growth. Explore the potential of this property and unlock its value in the thriving Minneapolis real estate market.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $1,750,000
No. of Units: 17
Average Occupancy: 8.53
Year Built: 1964
Lot Size: 0.28 Sq ft
Opportunity Zone: No
Price per unit: $102,941
Property Website Click Here
Address: 5740 Sander Drive, Minneapolis, MN 55417, USA
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