Outstanding lakefront location on Minnesota’s preeminent chain of lakes!
As you know, Real Estate Investment and Development opportunities come in many shapes and sizes and we would like to share with you our latest listing in one of the hottest segments of real estate – the full amenity condominium market. This offering provides you the opportunity to diversify your portfolio with an established product. This product has multiple income streams and plenty of opportunity for additional construction. This offering also provides:
- A proven 12.57% Cap Rate with a 27.98% Cash on Cash Return over the past four years using standard terms at the presented Purchase Price.
- Current property management has agreed to continue operations with a generous salary included to determine the financial performance of the property.
- New construction available for immediate sale and/or rental.
- Permitted expansion opportunities for more buildings with much of the infrastructure installed.
- Outstanding lakefront location on Minnesota’s preeminent chain of lakes! (This is the perfect example of how limited lakefront availability in one of the state’s most desirable areas creates an unbeatable product.)
This is a confidential listing and I would be glad to share more details about this great property upon completion of a Confidentiality Agreement and after demonstrating your financial strength. I look forward to answering your questions .
|Price||$6.2mm||Property Type||Multifamily Investment|
|No. of Units||17 – 91||Price Per Unit||$68,132 – $364,706|
|Cap Rate||12.57%||Gross Rent Mult.||9.04|
|CoC ROI||27.98%||Unit Sqft.||35,249|
|Zip||56472||Lake Name||Brainerd Lakes Area|
|County||Crow Wing||Status||Under Contract|
For the detailed, historical financial performance of this property and/or a complete sales portfolio, please contact Listing Broker through the contact information provided on this site.