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5600 Grandview Blvd
Mound, MN 55364
Lakecrest · Multifamily Property For Sale
·
88 Units
PROPERTY FACTS
| No. Units | 88 | Lot Size | 2.88 AC |
| Property Type | Multifamily | Building Size | 101,637 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built | 1970 |
| Zoning | R-2 | ||
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.88 AC |
| Building Size | 101,637 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | R-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Satellite TV
- Deck
- Patio
SITE AMENITIES
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Grill
- Walking/Biking Trails
- Elevator
- Maintenance on site
ABOUT 5600 GRANDVIEW BLVD , MOUND, MN 55364
Jones Lang LaSalle (JLL) has been engaged to market for sale the fee simple interest in Grandview Terrace Apartments, an 88-unit garden-level apartment home community strategically located in a high barrier to entry submarket near Lake Minnetonka, one of the most highly sought residential areas in all of Minnesota. Grandview Terrace Apartments is being offered for sale by the original developer, and has been meticulously maintained. The asset is positioned in an irreplaceable location and will benefit significantly from a slight modernizing renovation. Built in 1970, this asset represents a unique opportunity for investors to acquire a trophy investment product, well below replacement cost, in a geographic location with a median area income of $103,500 which is well above the national average.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 64 | - | - |
| 2+1 | 24 | - | - |
PROPERTY TAXES
| Parcel Number | 14-117-24-14-0006 | Improvements Assessment | $11,693,926 |
| Land Assessment | $1,211,663 | Total Assessment | $12,905,589 |
PROPERTY TAXES
