1301 3Rd Ave Wheaton, MN 56296

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.