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Property profile & analytics
OFF-MARKET
Apartment buildings

12771 Greenwood Dr Burnsville, MN 55337

20,600 SF Built 1985
Property ID
Property summary
AI-generated overview

This exceptional 20,600 square foot multifamily property, located at 12771 Greenwood Drive in Burnsville, Minnesota, presents a compelling investment opportunity. The complex comprises 25 well-maintained apartment units, each featuring the convenience of in-unit laundry and split utilities. Recent improvements and thoughtful unit designs enhance the property's appeal and contribute to its strong performance. Adding to the property's value is the inclusion of 33 garages, providing ample parking for residents. Significant upgrades have been implemented throughout the complex, ensuring a high-quality living experience for tenants and a robust return on investment for the owner. Situated in the desirable suburban location of Burnsville, this asset offers long-term value and stability in a thriving market. The property's strong occupancy rates and consistent rental income make it an attractive prospect for discerning investors seeking a well-managed and profitable multifamily investment. This turnkey operation requires minimal immediate capital expenditure, allowing for immediate cash flow generation. The property's location offers easy access to local amenities, transportation routes, and employment centers, further enhancing its desirability and rental potential. This is a rare opportunity to acquire a well-established, high-performing multifamily property in a prime location. The asking price is $4,000,000.

Property profile
Verified
Property type Apartment buildings
Year built 1985
Total area 20,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lidiia’s Music Lessons Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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