Park Place Apartments

905 6th Ave NE, Little Falls, MN 56345

  • For Sale $3,599,000
  • Property Type Multi-Family
  • Property Size 84,818 SF
  • Units 124
  • Lot Size 10.6 Acre
  • Parking Spaces Avail. 132
  • Year Built 1972
  • Date Updated Feb 5, 2024
Park Place is located approximately 35 miles northwest of St. Cloud, Minnesota and approximately 90 miles northwest of the Twin Cities metropolitan area. The Property is located in the northeast part of the city of Little Falls.Park Place Apartments is a 124-unit Property, 100% Section 8, Project-Based Low/Moderate Income Housing in Little Fall, MN. The Property consists of 14 apartment buildings, a detached Community Room/Leasing Office building and a detached garage/shed. There are two Buildings consisting of 32 1-bedroom, 1-bath units each; three Buildings consisting of 8 2-bedroom, 1-bath units each; three Buildings consisting of 8 3-bedroom, 1-bath units each; there are six townhouse style buildings consisting of 2 4-bedroom, 1-bath units each. Each building has two levels with approximately one-half of the lower level below grade. Park Place is located approximately 35 miles northwest of St. Cloud, Minnesota and approximately 90 miles northwest of the Twin Cities metropolitan area. The Property is located in the northeast part of the city of Little Falls. The 124-unit property is well maintained and professionally managed. Park Place 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 64 one-bedroom units, 24 two-bedroom units, 24 three-bedroom units and 12 four-bedroom townhouse style units. The Tenants benefit from a Community Room and a kid’s playground area. There is an on-site office for Tenant’s convenience.

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Highlights

  • Number of Units: 124
  • Designation: Family
  • Section 8: 100%
  • Contract Number: MN46M000111
  • HAP Expiration: July 31, 2024
  • Mortgage Program: N/A
  • Limited Dividend Amount: Profit Motivated
  • Year Built: 1972
  • REAC Score

Contacts

broker

Steve Feneis

GC Real Estate Partners

(320) 257-3986

Location

Getting Around

  • Walk Score ®

    42/100 Car-Dependent
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Little Falls, MN
  • Zip Code 56345

Points of Interest

  • Shell

    3.10 miles

  • Parking Lot, Ereaux WMA

    2.81 miles

  • Parking Lot, Ereaux WMA

    3.20 miles

  • Parking Lot, Rice-Skunk WMA, Rice Lake Unit

    5.32 miles

  • Parking Lot,

    6.65 miles

  • Parking Lot, Rice-Skunk WMA, Skunk Lake West Unit

    6.65 miles

  • Parking Lot, Rice-Skunk WMA, Skunk Lake East Unit

    7.39 miles

  • Parking Lot, Crane Meadows WMA

    8.51 miles

  • Parking Lot, McDougall WMA

    8.74 miles

  • Super 8 by Wyndham Little Falls

    0.41 miles

  • Country Inn & Suites by Radisson, Little Falls, MN

    0.54 miles

  • AmericInn by Wyndham Little Falls

    0.78 miles

  • Burger King

    0.50 miles

  • Perkins

    0.61 miles

  • Camp Ripley Dining Facility

    7.52 miles

Frequently Asked Questions

What is the lease rate for Park Place Apartments?

Rental asking rate at Park Place Apartments is $1,799,500.00/YR.

What is the total square footage of Park Place Apartments?

Park Place Apartments totals 84,818 square feet.

When was this property built?

Park Place Apartments was built in 1972.

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Contact Listing Broker

broker

Steve Feneis

GC Real Estate Partners

(320) 257-3986