7425 123rd W St Apple Valley, MN 55124-8366
- Apartment buildings
- 23,240 SF
- 1.66 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 7425 123rd W St
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 1.66 lot acres
- Property size
- 23,240 SF
- Zone code
- R
- Property type
- Apartment buildings
- APN
- 01-16600-01-011
- APU
- 11660001011
Description
This well-maintained three-story apartment building, constructed in 1970, presents a compelling investment opportunity in Apple Valley, Minnesota. Situated on a 1.66-acre lot overlooking Briar Pond, the property offers residents a tranquil setting while enjoying proximity to highly-rated schools, diverse dining options, shopping centers, and major employment centers. The building encompasses 15,312 square feet of net rentable space, distributed across 24 units. Historically, Briar Pond Apartments has maintained near 100% occupancy, demonstrating strong tenant demand and a stable rental income stream. The property's location in a desirable suburban area, combined with its consistently high occupancy rate, makes it an attractive investment. This presents a value-add opportunity for potential investors to modernize units and potentially increase rental income to align with current market rates. The single building structure simplifies management and maintenance, while the substantial lot size offers potential for future development or expansion. The property's address is 7425 123rd St W, Apple Valley, MN 55124, within Dakota County.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Apple Valley
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.215
- Latitude
- 44.7713
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
