Your search results

The Marr-Don Apartments

The Marr-Don Apartments

4825 Vera Cruz Ave N Crystal  /

Property Details

Price:
Property Type Multifamily
Total Lot Size: .94
Year Built: 1967
Number of Units: 18
Garages: 17
County: Hennepin

Description

Michel Commercial Real Estate is pleased to present an exclusive listing for the Marr-Don Apartments (the "Property" and the "Marr-Don") an 18-unit multifamily property located in Crystal, MN. Built in 1967, the Marr-Don Apartments have a brick exterior and feature a desirable unit mix with on-site laundry facilities and parking garages. The city of Crystal, a popular first-ring suburb in the Twin Cities and within Hennepin County, is home to over 250 acres of parks, popular community centers, and the Crystal Campus of the FAIR School, an award-winning arts school. The Marr-Don is surrounded by residential communities and is within walking distance of several parks. The Property offers convenient access to Interstate Highways 94 and 694, and downtown Minneapolis is just a seven-mile drive away. The Marr-Don Apartments is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades. Five of the units are available to be remodeled immediately and a new boiler was installed within the last two years. The Marr-Don is nestled within a steady rental market and is conveniently located with easy access to many Twin Cities employers, beautiful parks, and community gathering spaces.

Location

Crystal is a first-ring suburb located in Hennepin County and has been named a “Minnesota Star City” for economic development. Crystal offers the best of suburban living as well as easy access to many top employers in the Twin Cities. Downtown Minneapolis is just seven miles away, and convenient access to Interstate Highways 94 and 494 make it easy to move about the larger metropolitan area.

Highlights

Value-Add Opportunity

Desirable Unit Mix- (1) Studio, (12) 1BDs, (5) 2BDs
• Ability to Remodel 5 Units Immediately
• Increased Garage Income Opportunity
• Pet Income Opportunity
•Newer Boiler (2 Years Old)


Convenient Location

• First-Ring Suburb
• Less than 7 miles from Downtown Minneapolis
• Easy Access to Interstate Highways 94 and 694
• Walkable to Welcome Park
• Minutes from Commercial Hub (Target, Aldi, and more)

Contact Us

Compare Listings