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SE Flats I 1115 14th Ave SE 16 Unit Apartment Building For Sale Minneapolis, MN 55414
Investment Highlights
- Attractive Assumable Debt
- Capital Expenditures
- Management & Rental Expense Normalization Upside
- Prime Location & Connectivity
Executive Summary
???????CBRE Minneapolis Multifamily is pleased to present Southeast Flats, a 16-unit multifamily asset located at 1115 14th Ave SE on the border of the Marcy-Holmes and Como neighborhoods in Minneapolis. Situated just off Hennepin Avenue, the offering presents investors with a well-located, recently renovated asset featuring attractive assumable debt, a clear value-add opportunity through expense reduction, and a proven rental submarket anchored by the University of Minnesota.
Property Facts
| Sale Type | Investment | Building Size | 9,563 SF |
| No. Units | 16 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise | Parking Ratio | 1.15/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.22 AC | ||
| Zoning | R6 | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,563 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.15/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 24-029-24-12-0002 | Improvements Assessment | $1,623,216 CAD |
| Land Assessment | $261,668 CAD | Total Assessment | $1,884,884 CAD |
Property Taxes
Parcel Number
24-029-24-12-0002
Land Assessment
$261,668 CAD
Improvements Assessment
$1,623,216 CAD
Total Assessment
$1,884,884 CAD
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SE Flats I | 1115 14th Ave SE
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