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1816-1818 Bryant Ave 24 Unit Apartment Building $3,169,400 CAD ($132,058 CAD/Unit) 7.62% Cap Rate Minneapolis, MN 55411
Investment Highlights
- Multi-family investment opportunity
- Secured entries
- 10+ restaurants in close proximity
- Built in 1962
- 19 private parking spaces
- New apartment building just north of property
Executive Summary
At the asking price of $2,300,000, the property is marketed at a 7.62% cap rate and generates current annual rental income of approximately $340,635. With 24 residential units, strong accessibility to major transportation corridors, and a history of capital improvements, the asset offers investors an opportunity to acquire a stabilized multifamily property in a well-connected Minneapolis location with existing income and long-term ownership potential
Property Facts
| Price | $3,169,400 CAD | Building Class | C |
| Price Per Unit | $132,058 CAD | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Cap Rate | 7.62% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R2B | ||
| Price | $3,169,400 CAD |
| Price Per Unit | $132,058 CAD |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.81/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2B |
Amenities
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Gas Range
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 650 - 700 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-029-24-41-0080 | Improvements Assessment | $2,440,688 CAD |
| Land Assessment | $87,685 CAD | Total Assessment | $2,528,373 CAD |
Property Taxes
Parcel Number
16-029-24-41-0080
Land Assessment
$87,685 CAD
Improvements Assessment
$2,440,688 CAD
Total Assessment
$2,528,373 CAD
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1816-1818 Bryant Ave
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