VALUE-ADD 23unit apartment property in growing western suburb of Lake Minnetonka. Charming sister buildings with new pitched roofs, gutters, and hot water heaters. 2009 (12units) built in 1963, 2017 (11units) built in 1970. 8 studios with current ave rent $818 (proforma $995), 15 One Bedroom units with current ave rent $905 (proforma $1,125). Many long-term residents. 11 units have been updated. Significant upside remaining; current ownership must sell as part of a 1031. Price and surety of close important. Neighboring properties provide potential for future development. Demand vs supply and demographics very strong.

Nearby Mound Westonka ranks #12 in MN. Main intersection of Commerce and Shoreline Dr including Jubilee (grocery), Walgreens, Carbone's Pizzeria Bar and Grille, Anytime Fitness, True Value Hardware, expanding park and plaza with connecting Dakota Rail Trail, public parking ramp and transit center, Ice Arena... and more, less than 0.5mi away. Great opportunity :)