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2009 Commerce Boulevard
Mound, MN 55364
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Just Listed | Commerce Apartments | Lake Minnetonka | Value Add Opportunity <ul><li>15 of the 23 units have recently been renovated, providing investors with meaningful in-place unit improvements</li><li>23-unit multifamily community located at 2009 & 2017 Commerce Boulevard in Mound, Minnesota</li><li>Situated just off Lake Minnetonka’s Harrison Bay, offering residents convenient access to outdoor recreation and lake-area amenities</li><li>Walkable to downtown Mound, offering residents convenient access to nearby dining, retail, and local amenities.</li><li>Balanc
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547