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Southgate Apartments 3200 S Maple Ave 23 Unit Apartment Building $953,369 CAD ($41,451 CAD/Unit) Slayton, MN 56172
Investment Highlights
- Value-add investment with strong cash flow potential! 14 spacious 2-bedroom units and Nine 1-bedroom units. Recently installed new roof.
Executive Summary
Investment Opportunity: 23-Unit Apartment Building. A prime value-add investment with strong cash flow potential! 14 spacious 2-bedroom units and Nine 1-bedroom units. Recently installed new roof. This property offers an excellent opportunity to enhance cash flow through active management and upgrades, making it ideal for investors seeking steady income and future growth. Value add opportunity with improvements and filled vacancies.
Property Facts
| Price | $953,369 CAD | Building Class | C |
| Price Per Unit | $41,451 CAD | Lot Size | 1.75 AC |
| Sale Type | Investment | Building Size | 20,714 SF |
| No. Units | 23 | Average Occupancy | 56% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Low-Rise | ||
| Zoning | Residential-Multi-Family | ||
| Price | $953,369 CAD |
| Price Per Unit | $41,451 CAD |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 20,714 SF |
| Average Occupancy | 56% |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | Residential-Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Trash Pickup - Curbside
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | - | 680 |
| 1+1 | 9 | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-015-0220 | Improvements Assessment | $814,266 CAD |
| Land Assessment | $64,914 CAD | Total Assessment | $879,180 CAD |
Property Taxes
Parcel Number
29-015-0220
Land Assessment
$64,914 CAD
Improvements Assessment
$814,266 CAD
Total Assessment
$879,180 CAD
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Southgate Apartments | 3200 S Maple Ave
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