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900 8th St, Farmington, MN, 55024

900 8th St

$675,000

Key Information

Cap Rate
7.89%
$ per SF
$145
Tot. SF
4,625
$ per unit
$112,500
Units
6
Type
Apartments
Occupancy
100%
NOI
$53,263

Highlights

• Significant Rental Upside – Opportunity to raise rents to market and increase NOI with limited capital investment.
• Desirable Unit Mix – Six units consisting of one garden-level one-bedroom and five spacious two-bedrooms.
• Well-Maintained Asset – Meticulously cared for with a brand-new shingle roof and original boiler.
• Low-Maintenance Operations – Separately metered electric, multiple entrances, and off-street parking included with leases.
• Strong Location – Convenient access to Robert Street’s major retail corridor and transit, with Farmington Elementary School just two blocks away.
• Low-Inventory Market – Limited multifamily supply supports strong tenant demand and continued rent growth in Farmington

Photos

Location

Agents

Broker of Record

Kurt Sauer

License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416