FAQs about Apartment Buildings for Sale in Detroit Lakes
How many Apartment Building listings are available for sale in Detroit Lakes?
Currently, there are 0 Apartment Building listings for sale near Detroit Lakes, MN. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Detroit Lakes?
The average price per square foot for Detroit Lakes apartment buildings for sale is about $280.
When available, the price of these buildings in Detroit Lakes, MN varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Detroit Lakes, MN varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Detroit Lakes?
The average size of apartment buildings for sale in Detroit Lakes, MN is approximately 5,180 SF. The largest building available is 5,180 SF and the smallest is 5,180 SF.
What is the average cap rate for Multi-family Properties in Detroit Lakes?
Cap rates for apartment buildings in Detroit Lakes, MN typically range between and , with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Detroit Lakes?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Detroit Lakes, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Detroit Lakes, MN.
Depending on the location within the city of Detroit Lakes, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Detroit Lakes, MN.
