River Bend Apartments

410 4th Ave NW, Milaca, MN 56353

  • For Sale $2,260,000
  • 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

Contacts

broker

Steve Feneis

GC Real Estate Partners

(320) 257-3986

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable
  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Hardee's

    0.89 miles

  • Subway

    1.20 miles

  • Dairy Queen

    1.24 miles

  • Rough-Cut Bar and Grill

    4.48 miles

  • Long Siding Bar and Grill

    9.44 miles

  • Milaca Elementary School

    0.45 miles

  • Milaca High School

    0.53 miles

Frequently Asked Questions

What is the lease rate for River Bend Apartments?

Rental asking rate at River Bend Apartments is $1,130,000.00/YR.

What is the total square footage of River Bend Apartments?

River Bend Apartments totals 48,152 square feet.

When was this property built?

River Bend Apartments was built in 1972.

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Contact Listing Broker

broker

Steve Feneis

GC Real Estate Partners

(320) 257-3986