Well-Maintained 72-Unit Apartment
For Sale
Contact for pricing
160 Homestead Road, Mankato, MN 56001
Well-maintained 72-unit multifamily asset with near-fully occupied performance and immediate investor income stability.
Property Size81,900 SF
Days on Market72
Property Features for 160 Homestead Road
General Information
Standard status
Active
Size
81,900 SF
Property subtype
Multifamily Invewstment
Occupancy
99%
Additional Details
Multifamily Units
72
Building Details
Building Size
81,900 SF
Year Built
1993
Tenancy
Multi
Listing Agency:
NAI North Star
(507) 380-7340
Listed By:
David Schooff · License #MN #40137517
(507) 380-7340
Source:
Naiglobal
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 3 at 2:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI North Star
Investment Insights
Based on property information with market context.
Gray Hawk Apartments is a 72-unit multifamily community presented as a strong acquisition opportunity for investors. The property is described as well-maintained and offers a unit mix designed to support consistent performance. Current operating metrics highlight in-place cash flow alongside demonstrated occupancy near 99%, positioning the community for income stability from day one.
The offering is situated in the Mankato rental market, where the asset is described as benefiting from strong local demand. With high occupancy and ongoing performance, the community supports an approach that prioritizes steadiness and reliability for ownership.
For investors seeking a manageable multifamily platform, Gray Hawk Apartments aligns with buyers looking for a high-occupancy asset with documented results. The combination of unit mix, well-maintained condition, and near-fully leased status may appeal to those pursuing immediate cash flow rather than a repositioning-heavy strategy. The current performance profile can also be attractive to buyers evaluating risk control through occupancy-focused underwriting.
The offering is situated in the Mankato rental market, where the asset is described as benefiting from strong local demand. With high occupancy and ongoing performance, the community supports an approach that prioritizes steadiness and reliability for ownership.
For investors seeking a manageable multifamily platform, Gray Hawk Apartments aligns with buyers looking for a high-occupancy asset with documented results. The combination of unit mix, well-maintained condition, and near-fully leased status may appeal to those pursuing immediate cash flow rather than a repositioning-heavy strategy. The current performance profile can also be attractive to buyers evaluating risk control through occupancy-focused underwriting.
Key Highlights
- Gray Hawk Apartments: 72‑unit multifamily community
- Year built: 1993
- Near‑fully occupied performance, with demonstrated occupancy near 99%
Property Analytics
Property Profile
Current Use
Lease Details
72
Residential units
99%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 72-unit multifamily asset with near-fully occupied performance and immediate investor income stability.
Where is this apartment building located?
The property is located at 160 Homestead Road Mankato, MN.
What are key features of this property?
This property features: Gray Hawk Apartments: 72‑unit multifamily community; Year built: 1993; Near‑fully occupied performance, with demonstrated occupancy near 99%
