PRIME REAL ESTATE!!This apartment building is at the Gateway to Downtown. Part of a package deal for sale with 500 S Minnesota, 508 S Minnesota(land only), 327 W 13th St, 325 W 13th St, 301 W 13th St, and 503 S Dakota Ave. 21 units, 5 buildings, 6 garage stalls/shop, and office. It has endless potential. Great location, very good cash flow, In the downtown TIF District. Zoned C-3. You could keep existing rentals, or redevelope and benefit from the TIF bond. Structured correctly, the dirt could be FREE. Current rents are @108,000/yr with a NOI of @71,000 on 21 units. There is a lot of activity going on in the area, and not anything like this for sale. Don't let the opportunity pass you by! Financials to be released to serious buyers under non-disclosure.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
