AVE E, Shakopee, MN 55379 - MLS#6766095

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,549,000

Est. payment - /mo

21 Beds

10 Baths

0.28 Acres Lot

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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

Acres 0.69

Lot Dimensions Irregular

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

Direction Highway 169 to Marschall Rd Exit / go north to property / Located on the NE corner of Shakopee Ave E and Marschall Rd

Rooms

Basement Concrete Block, Full

Interior

Heating Boiler, Hot Water

Cooling Wall Unit(s)

Window Features Double Pane Windows,Insulated Windows

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

Accessibility None

Building

Lot Description Irregular Lot, Tree Coverage - Light

Water City Water/Connected

Structure Type Block,Brick,Frame

Others

Senior Community No

Tax ID 270300010

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Listed by Apartment Cash Flow, Inc.

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