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FIT Apartments 515 E Grant St 85 Unit Apartment Building For Sale Minneapolis, MN 55404
Executive Summary
CBRE is pleased to offer FIT Apartments, a renovated, centrally located Minneapolis asset with modern design and appealing amenities. With 41 units already upgraded and strong, steady traffic, the property demonstrates proven pricing power and operational momentum. New ownership can continue driving NOI by completing the remaining 44 value add renovations following the established template.
Property Facts
| Sale Type | Investment | Lot Size | 0.89 AC |
| No. Units | 85 | Building Size | 105,183 SF |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.61/1,000 SF |
| Building Class | B | ||
| Zoning | R6 | ||
| Sale Type | Investment |
| No. Units | 85 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Building Size | 105,183 SF |
| No. Stories | 8 |
| Year Built | 1984 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Fitness Center
- Property Manager on Site
- Package Service
- Storage Space
- Elevator
- Lounge
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 538 |
| 1+1 | 61 | - | 740 |
| 2+1 | 12 | - | 900 |
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 27-029-24-41-0090 | Improvements Assessment | $11,401,768 CAD |
| Land Assessment | $2,071,457 CAD | Total Assessment | $13,473,225 CAD |
Property Taxes
Parcel Number
27-029-24-41-0090
Land Assessment
$2,071,457 CAD
Improvements Assessment
$11,401,768 CAD
Total Assessment
$13,473,225 CAD
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FIT Apartments | 515 E Grant St
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