Multifamily
Drexel
1009 Park Ave, Minneapolis, MN 55404
Listing Price: $8,650,000
Investment Overview
Located in Minneapolis' Elliot Park neighborhood, Drexel Apartments is a set of two charming, turn-of-the-century builds from 1901. Just blocks from US. Bank Stadium, the Minneapolis Convention Center, and Minneapolis' downtown community, Drexel offers easy access to city living from a residential neighborhood and rare, vintage built-ins such as ten-foot ceilings and fireplaces. The community is located at 1009 Park Avenue and consists of 9 studios, 60 one-bed/one-bath, and 6 two-bed/one- and two-bath units, and a total of 50,075 square feet of rentable living space. Two bedroom units rents from $1,055 to $1,435, one bedroom units currently rent from $855 up to $1,085, and studios rent from $695 to $895 per month. Drexel Apartments has been family-owned for 83 years, and is an irreplaceable piece of Minneapolis' oldest neighborhood. Given the property's storied appeal and superb location, Drexel Apartments is well-suited to provide investors with a rare asset, positioned to thrive for many years to come.
Drexel
Investment Highlights
- Offered for sale for the first time in 83 years: unique opportunity to acquire a long-term ownership.
- Located within blocks of US Bank Stadium and core downtown Minneapolis, including the commercial business district.
- Meticulously maintained and cared-for historic, turn-of-the-century brownstone.
Exclusively Listed By
Financing By
Investment Highlights
- Offered for sale for the first time in 83 years: unique opportunity to acquire a long-term ownership.
- Located within blocks of US Bank Stadium and core downtown Minneapolis, including the commercial business district.
- Meticulously maintained and cared-for historic, turn-of-the-century brownstone.
Investment Overview
Located in Minneapolis' Elliot Park neighborhood, Drexel Apartments is a set of two charming, turn-of-the-century builds from 1901. Just blocks from US. Bank Stadium, the Minneapolis Convention Center, and Minneapolis' downtown community, Drexel offers easy access to city living from a residential neighborhood and rare, vintage built-ins such as ten-foot ceilings and fireplaces. The community is located at 1009 Park Avenue and consists of 9 studios, 60 one-bed/one-bath, and 6 two-bed/one- and two-bath units, and a total of 50,075 square feet of rentable living space. Two bedroom units rents from $1,055 to $1,435, one bedroom units currently rent from $855 up to $1,085, and studios rent from $695 to $895 per month. Drexel Apartments has been family-owned for 83 years, and is an irreplaceable piece of Minneapolis' oldest neighborhood. Given the property's storied appeal and superb location, Drexel Apartments is well-suited to provide investors with a rare asset, positioned to thrive for many years to come.
Exclusively Listed By
Financing By
