331 Fox Lake Ave | Sherburn, MN 56171
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- LoopNet Team
331 Fox Lake Ave
Sherburn, MN 56171
Village Apartments · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- This turnkey investment includes 16 fully occupied apartment units with coin operated laundry facilities.
- Operations are supported by a large pipeline of potential future residents, with 21% of locals currently renting their homes.
- Located on the eastern edge of town near Temperance Lake, and within five minutes of Interstate 90, the area’s main commuter corridor.
- The community includes two buildings, each with 7 two-bedroom apartments, 1 one-bedroom apartment, and 100-gallon electric water heaters.
PROPERTY FACTS
| No. Units | 16 | Building Size | 13,440 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1975/2012 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Lot Size | 1.32 AC | ||
| Zoning | Multi family - Spacious site with alley access and the potential to add garages. On street parking is allowed. | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 13,440 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2012 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | Multi family - Spacious site with alley access and the potential to add garages. On street parking is allowed. |
AMENITIES
UNIT AMENITIES
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Double Pane Windows
SITE AMENITIES
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | $735.00 | 800 |
| 1+1 | 2 | $642.50 | 600 |
PROPERTY TAXES
| Parcel Number | 382150020 | Improvements Assessment | $426,100 |
| Land Assessment | $13,700 | Total Assessment | $439,800 |
PROPERTY TAXES
Parcel Number
382150020
Land Assessment
$13,700
Improvements Assessment
$426,100
Total Assessment
$439,800
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