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57 6th Ave S
Hopkins, MN 55343

$1,350,000 USD

Apartments For Sale  •  21,000 SF

Property Details

• Property Type Apartments
• Total Building Size 21,000 SF
• Lot Size 0.3 AC
• Building Class C
• Year Built 1961

30 Transit Score

40 Walk Score

Highlights

12-unit apartment community in the highly desirable Hopkins submarket | Projected Year-1 NOI of $92,383, representing a 6.84% cap rate

Prime location just blocks from Downtown Hopkins Mainstreet | Individually controlled HVAC systems for each unit, reducing maintenance

Strong rental demand supported by a high-barrier-to-entry market | Desirable unit mix featuring six 1-bedroom/1-bath units and six 2-bedroom

Walkable to restaurants, breweries, shopping, parks, and entertainment | Thirteen on-site parking spaces, complemented by ample city-owned parking

Convenient access to Highway 7, Highway 169, Interstate 394, and Downtown Minneapolis

Value-add opportunity through minor cosmetic unit renovations and continued rental growth

Amenities

• Laundry Facilities
• Heating
• Kitchen
• Refrigerator
• Oven
• Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
Target Field Station (Northstar Corridor - Northstar Commuter Rail)	17 min	-	9.8 mi
Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	24 min	-	15.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes