Skip to main content

Multifamily

Academy Apartments

706 E Academy St, Owatonna, MN 55060

Listing Price: Request For Offer

Number of Units
22
Occupancy
96.0%
Gross SF
14,760

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Academy Apartments, a 22-unit
multi-family asset located in Owatonna, Minnesota. The property is being offered for sale on a free and clear basis.
Built in 1951, Academy Apartments features 12 one-bedroom/one-bathroom units and 10 two-bedroom/one-bathroom
units, ranging in size from 605 square feet to 750 square feet. Utilities at Academy Apartments are broken down as
follows: residents pay gas and electricity, water is through a RUBS program, and refuse is $5 per month. The property
has been very well maintained and benefits from a professional management company which takes great pride in
its ownership. Academy Apartments features partial upgrades in select units including newer flooring, kitchens and
baths. This property also features shared laundry, garages, and ample off-street parking.
Owatonna, located in Southern Minnesota, is home to more than 25,000 people. About 60 miles from Minneapolis-
St.Paul and 40 miles from Rochester, MN, Owatonna is a quiet location that gives a great small-town feel with ample
amenities and entertainment. Some of the biggest employers in the town are Robert Bosch, Mayo Clinic, Federated
Insurance, Fastenal, and Costco.
Located just one mile from the historic downtown district, Academy Apartments location gives tenants quick access
to the many nearby restaurants, shops, city parks, and schools. Some of these restaurants and shops include Mizuki
Fusion, El Tequila, Hy-Vee, Mills Fleet Farm, Cabelas, and Target. Right across the street from Jaycee Park, tenants
and their children can enjoy the playgrounds and ball fields just a few feet from home.
Academy Apartments offers investors the opportunity to acquire a well-maintained and stabilized property in the city
of Owatonna.

Investment Highlights

  • Professionally Owned and Managed with Pride of Ownership
  • Very Well Maintained and Cared for
  • Partial Upgrades in Select Units Including But Not Limited To Kitchens and Bathrooms

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
22
Occupancy
96.0%
Gross SF
14,760

Investment Highlights

  • Professionally Owned and Managed with Pride of Ownership
  • Very Well Maintained and Cared for
  • Partial Upgrades in Select Units Including But Not Limited To Kitchens and Bathrooms

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Academy Apartments, a 22-unit
multi-family asset located in Owatonna, Minnesota. The property is being offered for sale on a free and clear basis.
Built in 1951, Academy Apartments features 12 one-bedroom/one-bathroom units and 10 two-bedroom/one-bathroom
units, ranging in size from 605 square feet to 750 square feet. Utilities at Academy Apartments are broken down as
follows: residents pay gas and electricity, water is through a RUBS program, and refuse is $5 per month. The property
has been very well maintained and benefits from a professional management company which takes great pride in
its ownership. Academy Apartments features partial upgrades in select units including newer flooring, kitchens and
baths. This property also features shared laundry, garages, and ample off-street parking.
Owatonna, located in Southern Minnesota, is home to more than 25,000 people. About 60 miles from Minneapolis-
St.Paul and 40 miles from Rochester, MN, Owatonna is a quiet location that gives a great small-town feel with ample
amenities and entertainment. Some of the biggest employers in the town are Robert Bosch, Mayo Clinic, Federated
Insurance, Fastenal, and Costco.
Located just one mile from the historic downtown district, Academy Apartments location gives tenants quick access
to the many nearby restaurants, shops, city parks, and schools. Some of these restaurants and shops include Mizuki
Fusion, El Tequila, Hy-Vee, Mills Fleet Farm, Cabelas, and Target. Right across the street from Jaycee Park, tenants
and their children can enjoy the playgrounds and ball fields just a few feet from home.
Academy Apartments offers investors the opportunity to acquire a well-maintained and stabilized property in the city
of Owatonna.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower