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HERITAGE PRAIRIE
Address: 1173 Dewey St, Wabasso, MN 56293, USA
Created date: September 26, 2024
Date last updated: October 1, 2024
HERITAGE PRAIRIE, LOCATED IN WABASSO, MINNESOTA, IS THE NICEST & MOST WELL-MAINTAINED APARTMENT BUILDING IN A 30-MILE RADIUS. THIS PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ADD VALUE THROUGH STABILIZATIPON AND LEASE RENEWALS. THE LAUNDRY ROOMS ARE UPDATED & THERE IS A COMMUNITY ROOM WITH A FULL KITCHEN! CURRENT IN PLACE CAP RATE 8%
Property Description
HERITAGE PRAIRIE, LOCATED IN WABASSO, MINNESOTA, IS THE NICEST & MOST WELL-MAINTAINED APARTMENT BUILDING IN A 30-MILE RADIUS. THIS PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ADD VALUE THROUGH STABILIZATIPON AND LEASE RENEWALS. THE LAUNDRY ROOMS ARE UPDATED & THERE IS A COMMUNITY ROOM WITH A FULL KITCHEN! CURRENT IN PLACE CAP RATE 8%
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $875,000 |
| No. of Units: | 28 |
| Cap Rate: | 8.01% |
| GRM /GIM: | 5.68 |
| Year Built: | 1978 |
| Year Renovated: | 2010 |
| Lot Size: | 0.63 Acres |
| No. of Stories: | 3 |
| APN: | 93-655-0020 |
| Zoning Code: | MULTI-FAMILY |
| Opportunity Zone: | No |
| Price per unit: | $31,250 |
| Parking Spaces: | 28 |
| Property Website | Click Here |
Address: 1173 Dewey St, Wabasso, MN 56293, USA
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 1BD, 1BA | 28 | 600 | 636 |
FINANCIAL DETAILS
| Income/expense info: | Pro Forma |
|---|---|
| Financial year: | 2024 |
| Gross income: | 154133 |
| Effective Gross income: | 154133 |
| Operating expenses: | 84085 |
| Net operating income: | 70047 |
| Pre-tax cashflow: | 70047 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| BRYAN THOMPSON | 763-258-3464 | [email protected] |
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