3200 Maple Avenue 2, Slayton, MN 56172
sale
$650,000
|
Other
Courtesy Of RE/MAX Results
Well-maintained 32-unit one-bedroom senior apartment building featuring common areas, individually metered electric, and an updated boiler system. Property is in solid overall condition with a consistent unit layout and on-site parking. HUD contract in place through 10/31/2026, perfect for future HUD-to-market conversion opportunity upon contract expiration. Offered as a value-add investment opportunity with current financial performance below market, allowing upside through operational improvements, rent optimization, and expense management. Suitable for senior housing operations, affordable housing strategies, or market-rate repositioning with stable long-term demand. Ideal for value-add investors, , affordable housing operators, and HUD/senior housing specialists.
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Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Wall Unit(s)
- Legal Description: OUTERLOTS -- PLATTED -- SE1/4 SE1/4 SW1/4 PART OF LOT 1 AS DESCRIBED IN DOCUMENT 160771 & W1/2 OF LOT 2
- MLSID: 6825937
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