500 2Nd St Twin Valley, MN 56584
- Commercial real estate
- 16,008 SF
Current Use by Public Records
- Commercial real estate
Property Details for 500 2Nd St
- Year built
- 1993
- Property size
- 16,008 SF
- Property type
- Commercial real estate
Description
This exceptional 15-unit apartment building presents a compelling investment opportunity in Twin Valley, Minnesota. Located at 500 2nd St SW, this stabilized, Class C property boasts 16,008 square feet and offers a diverse mix of unit sizes: three one-bedroom units, ten two-bedroom units, and two three-bedroom units. Built in 1993, the three-story building benefits from modern infrastructure and requires minimal upkeep, making it ideal for an owner-operator seeking a low-maintenance investment. Currently operating at 100% occupancy, this property provides immediate and substantial returns. The asking price is $875,000, translating to approximately $59,666 per unit. Situated in the desirable Twin Valley area, this well-maintained complex offers a prime location and significant potential for long-term growth. The property's strong performance and attractive features make it a highly desirable addition to any investment portfolio. Detailed financial information is available upon request. This is a turnkey opportunity not to be missed.
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
- Twin Valley
- County
- Norman
- State
- Minnesota
- Longitude
- -96.2609543
- Latitude
- 47.2552889