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Multifamily

Townsquare Apartments

220 N Walnut St, Chaska, MN 55318

Listing Price: Request For Offer

Number of Units
30
Gross SF
33,207

Investment Overview

Available for purchase for the first time in more than 20 years, Townsquare Apartments presents a truly unique opportunity to own a beloved asset in the heart of downtown Chaska, one of the Twin Cities most sought-after sub-markets. With 30 units comprising 6 unique floor plans across 24 two-bedroom and 6 three-bedroom residences, this property offers a diverse unit mix catering to various needs. Built in 1989 and situated on a half-acre lot, Townsquare Apartments enjoys a prime location adjacent to the picturesque Chaska City Square Park. Moreover, Residents enjoy seamless access to the abundance of dining and entertainment options that downtown Chaska has to offer.

Townsquare Apartments stands out with its well-maintained grounds and building, providing a welcoming environment for residents. Features such as heated underground parking, controlled access entry, trash chutes on every level and dishwashers in all units enhance overall convenience. Additionally, residents benefit from a community room for communal gatherings.

Inside the apartments, residents enjoy spacious layouts, custom-made cabinetry, and dishwashers in every unit. Sound-insulated walls and ceilings ensure privacy and peace. With an impressive average scheduled rent of $1,254 and a remarkable near 100% occupancy rate, Townsquare Apartments presents a compelling investment opportunity for multifamily real estate investors seeking a legacy asset in the heart of Chaska.

Furthermore, an investor will have the lucrative ability to invest capital via in-unit upgrades and a common area refresh through a strategic value add acquisition which should provide a new owner proforma, post renovation market rents an average of ~$1600/unit, providing a healthy ROI for many years to come.

Investment Highlights

  • Exceptional Downtown Chaska Location; One of Twin Cities Most Desirable Sub-Markets
  • Condo Quality Building; Well-Maintained, Long-Term 20 Plus Year Ownership
  • Laundry Chute on Every Level, Dishwasher in Every Unit, Fireplaces in Select Units
  • True Value-Add Opportunity Through Strategic In-Unit and Common Area Upgrades
  • Seller will Consider Contract for Deed
  • Value Add Opportunity; Estimated $325 Plus Premium Per Unit Post Renovation

Exclusively Listed By

Multifamily

Townsquare Apartments

Listing Price: Request For Offer

Number of Units
30
Gross SF
33,207

Investment Highlights

  • Exceptional Downtown Chaska Location; One of Twin Cities Most Desirable Sub-Markets
  • Condo Quality Building; Well-Maintained, Long-Term 20 Plus Year Ownership
  • Laundry Chute on Every Level, Dishwasher in Every Unit, Fireplaces in Select Units
  • True Value-Add Opportunity Through Strategic In-Unit and Common Area Upgrades
  • Seller will Consider Contract for Deed
  • Value Add Opportunity; Estimated $325 Plus Premium Per Unit Post Renovation

Investment Overview

Available for purchase for the first time in more than 20 years, Townsquare Apartments presents a truly unique opportunity to own a beloved asset in the heart of downtown Chaska, one of the Twin Cities most sought-after sub-markets. With 30 units comprising 6 unique floor plans across 24 two-bedroom and 6 three-bedroom residences, this property offers a diverse unit mix catering to various needs. Built in 1989 and situated on a half-acre lot, Townsquare Apartments enjoys a prime location adjacent to the picturesque Chaska City Square Park. Moreover, Residents enjoy seamless access to the abundance of dining and entertainment options that downtown Chaska has to offer. Townsquare Apartments stands out with its well-maintained grounds and building, providing a welcoming environment for residents. Features such as heated underground parking, controlled access entry, trash chutes on every level and dishwashers in all units enhance overall convenience. Additionally, residents benefit from a community room for communal gatherings. Inside the apartments, residents enjoy spacious layouts, custom-made cabinetry, and dishwashers in every unit. Sound-insulated walls and ceilings ensure privacy and peace. With an impressive average scheduled rent of $1,254 and a remarkable near 100% occupancy rate, Townsquare Apartments presents a compelling investment opportunity for multifamily real estate investors seeking a legacy asset in the heart of Chaska. Furthermore, an investor will have the lucrative ability to invest capital via in-unit upgrades and a common area refresh through a strategic value add acquisition which should provide a new owner proforma, post renovation market rents an average of ~$1600/unit, providing a healthy ROI for many years to come.

Exclusively Listed By

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