Multifamily Apartment
905 E 5th Street Blue Earth, MN 56013
905 E 5th Street, Blue Earth, MN, 56013
$419,900
For Sale
$419,900
Apartment building with 11 units and on-site coin-operated laundry, plus plenty of resident and guest parking.
Property Size6,531 SF
Price / SF$64.29
Days on Market171
Property Features for 905 E 5th Street
General Information
- Standard status
- Active
- Size
- 6,531 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agency
RE/MAX Results
(651) 500-4720
Listed by
Kevin Goettl · License #MN 95340
(651) 500-4720
Source
Juverealestate
Added: Feb 2 Updated: Jul 22 at 2:55AM Checked: Jul 22 at 2:55AM
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Investment Insights
Based on property information with market context.
The Oaks Apartments is an 11-unit multifamily property offering a mix of two studio, three one-bedroom, five two-bedroom, and one three-bedroom apartments. The building features low-maintenance vinyl and stone exterior with a metal roof. On-site coin-operated washers and dryers are owned by the seller and included in the sale. The property is described as having a low vacancy and turnover rate, with units maintained and repairs addressed promptly.
The Oaks Apartments is located in an Opportunity Zone at 905 E 5th Street in Blue Earth, MN. There is plenty of parking for residents and guests, supporting convenient day-to-day access.
For investors, the offering materials also cite a 9.1 cap rate, a 5.4 GRM, and 10% cash on cash in the first year, along with a stated 51% operating expense ratio and a 1.25 DSCR loan scenario.
The Oaks Apartments is located in an Opportunity Zone at 905 E 5th Street in Blue Earth, MN. There is plenty of parking for residents and guests, supporting convenient day-to-day access.
For investors, the offering materials also cite a 9.1 cap rate, a 5.4 GRM, and 10% cash on cash in the first year, along with a stated 51% operating expense ratio and a 1.25 DSCR loan scenario.
Key Highlights
- 11‑unit apartment building built in 1955 with a unit mix of 2 studio, 3 one‑bedroom, 5 two‑bedroom, and 1 three‑bedroom apartment
- Reported 9.1 cap rate and 5.4 GRM
- On‑site coin‑operated washer and dryer included in the sale; owned by the seller
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FAQs
What type of property is this?
Apartment building - Apartment building with 11 units and on-site coin-operated laundry, plus plenty of resident and guest parking.
Where is this apartment building located?
The property is located at 905 E 5th Street Blue Earth, MN.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 11‑unit apartment building built in 1955 with a unit mix of 2 studio, 3 one‑bedroom, 5 two‑bedroom, and 1 three‑bedroom apartment; Reported 9.1 cap rate and 5.4 GRM; On‑site coin‑operated washer and dryer included in the sale; owned by the seller
