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Springs at Egan Drive 14125 Louisiana Ave 288 Unit Apartment Building For Sale Savage, MN 55378
Investment Highlights
- Value-Add Opportunity
- Premier Location / Access to Retail
- Large Floor Plans
- Strong Resident Retention
- Strong Schools
- Gated Community With Dynamic Amenities
Executive Summary
???????Springs at Egan Drive provides a compelling value-add investment opportunity in a strong, limited-supply suburban submarket. The community offers an elevated living experience, featuring a gated entrance, individual entries, attached garages, and a strong amenity offering.
The property is conveniently located near the greater Twin Cities job market and the growing southwest metro entertainment district, as well as the recreational offerings in this location. The Savage market has been a strong growth market with great schools in the Prior Lake School District.
The property is conveniently located near the greater Twin Cities job market and the growing southwest metro entertainment district, as well as the recreational offerings in this location. The Savage market has been a strong growth market with great schools in the Prior Lake School District.
Property Facts
| Sale Type | Investment | Lot Size | 20.25 AC |
| No. Units | 288 | Building Size | 378,396 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2015 |
| Building Class | B | Parking Ratio | 1.19/1,000 SF |
| Zoning | C3 | ||
| Sale Type | Investment |
| No. Units | 288 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 20.25 AC |
| Building Size | 378,396 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 2015 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | C3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Walk-In Closets
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Pool
- Property Manager on Site
- Car Wash Area
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 38 | - | 525 - 623 |
| 1+1 | 76 | - | 760 - 909 |
| 2+2 | 140 | - | 1,062 - 1,185 |
| 3+2 | 34 | - | 1,334 - 1,430 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 26-456-001-0 | Improvements Assessment | $84,056,021 CAD |
| Land Assessment | $8,025,465 CAD | Total Assessment | $92,081,486 CAD |
Property Taxes
Parcel Number
26-456-001-0
Land Assessment
$8,025,465 CAD
Improvements Assessment
$84,056,021 CAD
Total Assessment
$92,081,486 CAD
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Springs at Egan Drive | 14125 Louisiana Ave
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