1301 3Rd Ave Wheaton, MN 56296
- Apartment buildings
- 35,936 SF
- 4.95 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1301 3Rd Ave
- Year built
- 1970
- Lot size
- 4.95 lot acres
- Property size
- 35,936 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 48-unit apartment complex ideally situated in Wheaton, Minnesota, at 1301 3rd Ave S, 56296. The property, encompassing 4.95 acres, consists of three buildings totaling 35,936 square feet and was constructed in 1970. The unit mix offers a diverse range of housing options to attract a broad tenant base, including 23 one-bedroom units, 21 two-bedroom units, and 4 three-bedroom units. Providing ample parking, the property includes five detached garages offering a total of 38 parking stalls. Its convenient location near Wheaton High School adds to its appeal. The asking price for this multifamily property is $1,520,000. Detailed financial information, including capital expenditures and proformas, is available upon request. Interested parties should initiate contact to schedule a property tour and review the complete financial package. This is a prime opportunity to acquire a well-established, income-generating apartment complex in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wheaton
- County
- Traverse
- State
- Minnesota
- Longitude
- -96.5023
- Latitude
- 45.8019
