Starlight Terrace | 1910 Colfax Ave S
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Starlight Terrace 1910 Colfax Ave S
18 Unit Apartment Building $2,200,000 ($122,222/Unit) Minneapolis, MN 55403
Executive Summary
Starlight Apartments is a 18 -unit garden-style, apartment property located at 1910 Colfax Avenue South in Minneapolis that was built in 1962. The property is situated on a 0.310-acre site. Unique property characteristics are the property is located approximately two blocks northwest of the intersection of Franklin Avenue and Hennepin Avenue.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$39,510
|
$2.44
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,510
|
$2.44
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $39,510 |
| Annual Per SF | $2.44 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $39,510 |
| Annual Per SF | $2.44 |
Property Facts
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $122,222 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 16,221 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low Rise | Parking Ratio | 0.92/1,000 SF |
| Price | $2,200,000 |
| Price Per Unit | $122,222 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 16,221 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 0.92/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | 500 - 625 |
| 1+1 | 4 | - | 625 - 650 |
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Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 28-029-24-44-0050 | Total Assessment | $2,475,000 (2023) |
| Land Assessment | $540,000 (2023) | Annual Taxes | $39,510 ($2.44/SF) |
| Improvements Assessment | $1,935,000 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
28-029-24-44-0050
Land Assessment
$540,000 (2023)
Improvements Assessment
$1,935,000 (2023)
Total Assessment
$2,475,000 (2023)
Annual Taxes
$39,510 ($2.44/SF)
Tax Year
2024
zoning
| Zoning Code | R4 |
| R4 |
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Starlight Terrace | 1910 Colfax Ave S
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