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Real Estate
Ellie Apartments — Moorhead, Minnesota
Eighteen units at a disclosed 7.56% cap rate
Moorhead, Minnesota· Multifamily / Apartment Building· Editorial score 84
Opportunity teaser
Downtown Moorhead apartment property with 18 units, 10 garages and a stated history of near-full occupancy.
Why it may be interesting
A strong disclosed going-in yield, garage income and a central location may suit a smaller multifamily portfolio strategy.
Risks and open questions
Confirm current occupancy rather than historical occupancy, rent roll, garage income, collections, deferred maintenance, utilities, taxes, insurance, environmental matters and the stated NOI.
Key figures
- Price
- $1.1M
- NOI
- $83.11K
- Cap rate
- 7.56%
- Occupancy
- —
- Units
- 18
- Square feet
- 16,965
- Asset class
- Stabilized Multifamily
- Geography
- Moorhead, Minnesota
Disclosure
Curated from a public commercial-property listing. Financial, occupancy and property information is broker or owner supplied and has not been independently verified. Merge & Acquire does not represent the owner, broker or marketplace for this opportunity.