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Shakopee,MN 55379
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Hesses 1St Add
MLS Listing ID 6766095
Bedrooms 21
Year Built 1970
Annual Tax Amount $15,402
Lot Size 0.281 Acres
Property Description
1409 E Shakopee Ave is a rare opportunity to acquire a stable 10-unit apartment complex in the highly sought after city of Shakopee, MN. The unit mix is nine two-bedroom, one-bath and a unique three-bedroom, one-bath apartment. Long-term owners have kept this asset in perfect condition, with a historically low vacancy rate, and a zero accounts receivable record. The exterior features a classical well tuckpointed Chicago brick look with vinyl replacement windows new in 2016. Apartments are above average square feet compared to the market and have corridor kitchens, eat-in-dining areas, and spacious living rooms with large picture windows. Residents enjoy plenty of extra closet space within the units plus lower level additional storage lockers. Amenities to point out are the newer coin operated washers and dryers, secured keyless entrances for safety, super over-sized parking lot for residents and guests, and close to downtown main street Shakopee with many newer business's and shoppes. Fully occupied with below market rents that can be raised organically over time in a non rent-controlled community. Newer hot water boiler (2022) and hot water heater (2023) are a bonus for a new owner!! Tours are to be set up through the listing broker Monday - Friday.
Location
State MN
County Scott
Community Hesses 1St Add
Interior
Heating Boiler,Hot Water
Cooling Wall Unit(s)
Exterior
Parking Features Parking Lot,Paved Lot
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Age Over 8 Years,Asphalt Shingles,Pitched
Building
Lot Description Irregular Lot,Tree Coverage - Light
Water City Water/Connected
Structure Type Block,Brick,Frame