SouthView Gables Apartments (Sold)

Moran & Company is pleased to announce an exclusive listing for the sale of SouthView Gables, a 424-unit, fully-sprinklered, luxury apartment community with in-unit washer/dryers located in one of the strongest apartment submarkets in the Minneapolis-St. Paul MSA. SouthView Gables offers investors a proven value-add opportunity and optional favorable tax-exempt bond financing. Completed in 1988 in the prosperous southeast suburb of Inver Grove Heights, the Property offers studio, one and two bedroom units, over underground parking, with premium unit and community amenities. Located proximate to the I-494 and US Highway 52 interchange, SouthView Gables offers direct access to approximately 1.15 million jobs, or 70% of the MSA total, within 15 miles of the Property, of which 460,000 are located within 10 miles of the Property.

SouthView Gables is being offered on an “as is, where is” basis for $42,250,000, which is $99,650 per unit or $97.68 per square foot. Available all-cash or with assumption of existing bond financing.

To discuss this offer in detail, please contact Pete Evans at 312-407-6711.

Tours have begun. To schedule a tour of this asset, please contact Mary Blonder at 312-407-6734.