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Multifamily HUD

Country View Townhomes

1810 5th Ave NE, East Grand Forks, MN 56721

Listing Price: $5,000,000

Cap Rate
6.71%
Number of Units
36
Price/Unit
$138,889

Investment Overview

Marcus & Millichap are pleased to announce the exclusive listing of Country View Apartments, a 36-unit multifamily property located in East Grand Forks, Minnesota. Country View is being offered for sale on a free-and-clear basis. Newly constructed in 2017, Country View Apartments sits on 2.46 acres and is comprised of one apartment building and five garage buildings. Also available with the sale are two vacant parcels contiguous to Country View, one to the north totaling 1.37 acres and one to the south totaling 1.45 acres. The 36 apartment homes feature 24 two-bedroom/two-bathroom units at 1,120 square feet and 12 three-bedroom/two-bathroom units at 1,456 square feet. Property amenities include a fully equipped health club featuring a sauna, racquetball court and tanning bed, an on-site swimming pool with sun deck, and two-car garage included with rent. Apartment amenities include in-unit washers and dryers, stainless steel appliances, kitchen islands, oversized storage closets private entries, and private balconies. Located in the northern part of East Grand Forks, Country View Apartments neighbors Green Acres Apartments and is near many restaurants, businesses, and schools. Less than one mile away sits East Grand Forks Civic Center (0.3 miles), Northland Community and Technical College (0.4 miles), Hugo’s Family Marketplace Grocery Store (0.6 miles), and East Grand Forks High School (0.8 miles). Furthermore, Country View Apartments is a short 9-minute drive to the University of North Dakota and is near everything else Grand Forks has to offer. This offering presents an opportunity to acquire a newly built, well-maintained, and stabilized asset located in the city of East Grand Forks, Minnesota.

Investment Highlights

  • Built in 2017 | In-Unit Washers and Dryers | Stainless Steel Appliances | Private Entries/Balconies | Two-Car Garages Included in Rent
  • Proximity to University of North Dakota and Northland Community and Technical College
  • Outdoor Swimming Pool with Sun Deck | Fully Equipped Health Club | Courtyard | Grill / Picnic Area

Exclusively Listed By

Financing By

Multifamily HUD

Country View Townhomes

Listing Price: $5,000,000

Cap Rate
6.71%
Number of Units
36
Price/Unit
$138,889

Investment Highlights

  • Built in 2017 | In-Unit Washers and Dryers | Stainless Steel Appliances | Private Entries/Balconies | Two-Car Garages Included in Rent
  • Proximity to University of North Dakota and Northland Community and Technical College
  • Outdoor Swimming Pool with Sun Deck | Fully Equipped Health Club | Courtyard | Grill / Picnic Area

Investment Overview

Marcus & Millichap are pleased to announce the exclusive listing of Country View Apartments, a 36-unit multifamily property located in East Grand Forks, Minnesota. Country View is being offered for sale on a free-and-clear basis. Newly constructed in 2017, Country View Apartments sits on 2.46 acres and is comprised of one apartment building and five garage buildings. Also available with the sale are two vacant parcels contiguous to Country View, one to the north totaling 1.37 acres and one to the south totaling 1.45 acres. The 36 apartment homes feature 24 two-bedroom/two-bathroom units at 1,120 square feet and 12 three-bedroom/two-bathroom units at 1,456 square feet. Property amenities include a fully equipped health club featuring a sauna, racquetball court and tanning bed, an on-site swimming pool with sun deck, and two-car garage included with rent. Apartment amenities include in-unit washers and dryers, stainless steel appliances, kitchen islands, oversized storage closets private entries, and private balconies. Located in the northern part of East Grand Forks, Country View Apartments neighbors Green Acres Apartments and is near many restaurants, businesses, and schools. Less than one mile away sits East Grand Forks Civic Center (0.3 miles), Northland Community and Technical College (0.4 miles), Hugo’s Family Marketplace Grocery Store (0.6 miles), and East Grand Forks High School (0.8 miles). Furthermore, Country View Apartments is a short 9-minute drive to the University of North Dakota and is near everything else Grand Forks has to offer. This offering presents an opportunity to acquire a newly built, well-maintained, and stabilized asset located in the city of East Grand Forks, Minnesota.

Exclusively Listed By

Financing By

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