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$ 650,000
Est. payment /mo
New
3200 Maple AVE ##2 Slayton, MN 56172
0.88 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6825937
Year Built 1979
Annual Tax Amount $1,768
Tax Year 2025
Contingent None
Lot Size 0.878 Acres
Acres 0.878
Lot Dimensions 174x347x60x165x132x165
Property Description
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.
Location
State MN
County Murray
Zoning Residential-Multi-Family
Interior
Heating Boiler
Cooling Wall Unit(s)
Inclusions Building, Land
Fireplace No
Exterior
Parking Features Parking Lot
Fence None
Pool None
Utilities Available Electric Separate, Heating Common, Hot Water Common
Present Use Residential
Building
Lot Description Irregular Lot
Story Three Or More
Foundation 9171
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District Murray County Central
Listed by Dylan Maitland • RE/MAX Results