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2005 FRONTAGE RD N
WAITE PARK, MN 56387
Asking Price
$2.75M
Asset Type
Multifamily
Class
Class B
What's Special
<p>Michel Commercial is pleased to present Riverview Lofts, a newly constructed 16-home located in Waite Park, Minnesota. Built in 2023, the property offers investors the opportunity to acquire a modern, low-maintenance asset within one of Central Minnesota’s strongest retail and employment corridors. Riverview Lofts features contemporary finishes, efficient floor plans, and strong appeal to today’s renter demographic.</p><p></p><p>LOCATION & CONNECTIVITY</p><p>Riverview Lofts is ideally positio
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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995