River Bend Apartments

For Sale

410 4th Ave NW, Milaca, MN 56353

This Milaca property for sale is located at 410 4th Ave NW. The current listed sale price for River Bend Apartments is $2,260,000. River Bend Apartments is situated on a lot that is 6.31 acre in size.

Contacts

broker

Steve Feneis

GC Real Estate Partners

(320) 257-3986

Property Details

  • Property Type Multi-Family
  • Property Size 48,152 SF
  • Units 68
  • Lot Size 6.31 Acre
  • Year Built 1972
  • Date Updated Feb 5, 2024
Riverbend is located approximately 60 miles northwest of the Twin Cities metropolitan area. The Property is located in the northwestern part of the city of Milaca.River Bend Apartments is a 68-unit Property, 100% Section 8, Project-Based Low/Moderate Income Housing in Milaca, MN. The Property consists of 3 apartment buildings and a detached Community Room/Garage. There is one building consisting of 52 1-bedroom, 1-bath units each; one building consisting of 8 2-bedroom, 1-bath units each; one building consisting of 8 3-bedroom, 1-bath units each. Each apartment building has two levels with approximately one-half of the lower level below grade. River Bend is located approximately 60 miles northwest of the Twin Cities metropolitan area. The Property is located in the northwestern part of the city of Milaca. The 68-unit property is well maintained and professionally managed. River Bend was built in 1972 and has received several property improvements over the years, including windows, siding and roofs. The Property has an excellent apartment mix consisting of 52 one-bedroom units, 8 two-bedroom units and 8 three-bedroom units. The Tenants benefit from a Community Room and there is an on-site office for the Tenant’s convenience.

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Highlights

  • Number of Units: 68
  • Designation: Family
  • Section 8: 100%
  • Contract Number: MN46M000108
  • HAP Expiration: July 31, 2024
  • Mortgage Program: N/A
  • Limited Dividend Amount: Profit Motivated
  • Year Built: 1972
  • REAC Score

Getting around

  • 53/100

    Walk Score ®

  • 47/100

    Bike Score ®

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Location

  • City Milaca, MN
  • Neighborhood Milaca
  • Zip Code 56353

Points of Interest

  • Casey's General Store

    0.33 miles

  • Holiday

    0.60 miles

  • Holiday

    1.21 miles

  • Parking Lot, Dalbo WMA, Main Unit

    9.20 miles

  • Parking Lot, Bolger WMA

    9.76 miles

  • Parking Lot, Dalbo WMA, Main Unit

    9.79 miles

  • Parking Lot, Dalbo WMA, Main Unit

    9.94 miles

  • Super 8 by Wyndham Milaca

    1.29 miles

  • Teals Market

    0.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Steve Feneis

GC Real Estate Partners

(320) 257-3986