List Search

2540 Fairoak Ave
Anoka, MN 55303

Price Upon Request

Apartments For Sale  •  23,946 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,946 SF
  • Lot Size 1.3 AC
  • Building Class C
  • Year Built 1979
  • Zoning R-2
22 Transit Score
54 Walk Score

Highlights

First Time on the Market; Being Sold By Original Developer’s Family
Well Maintained; Numerous Capital Improvements
True Value-Add Opportunity; Over 20% Rental Upside
Growing Northern Suburban Location; 30 Minutes to Downtown Minneapolis
Constructed in the 1980’s with an Average Unit Size of 978 Square Feet Across the Three Unit Types
Monthly Income to Increase $765/Month Effective December 1st, 2024

Public Transportation

Commuter RailDriveWalkDistance
Anoka Station (Northstar Corridor - Northstar Commuter Rail) 4 min - 1.6 mi
Coon Rapids-Riverdale Station (Northstar Corridor - Northstar Commuter Rail) 7 min - 4.3 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 47 min - 33.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Michael Jacobs 310-906-3275 Marcus & Millichap
Michael Jacobs 310-906-3275 Marcus & Millichap