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Apartment Cash Flow, Inc. is the brokerage office representing the seller for this listing.
Copyright ©2025, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Gallery of Homes Group is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Gallery of Homes Group, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
Copyright ©2025, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Gallery of Homes Group is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Gallery of Homes Group, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
Nearby Listings in 10 Miles
{"Id":1391044,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST6766095","MLSAGENTID":"NST506069385","MLSOFFICEID":"NST27376","ADDRESS":"1409 Shakopee Avenue E","ACRES":0.69,"AGENTOWNER":false,"AUCTIONYN":false,"BASEMENT":"Block,Finished,Full","CITY":"Shakopee","CONTINGENCY":"None","COUNTY":"Scott","CURRENTUSE":"Residential","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"EXTERIOR":"Brick/Stone","FORECLOSURE":"No","LASTPRICE":1549000.0,"LASTPRICEDATE":"2025-08-03T00:32:03.583","LATITUDE":44.790434,"LENDEROWNED":"No","LISTDATE":"2025-08-02T05:00:00","LISTPRICE":1549000.0,"LIVINGAREA":12252.0,"LONGITUDE":-93.506782,"LOTDESCRIPTION":"Irregular Lot,Some Trees","MODIFICATIONTIMESTAMP":"2025-08-03T00:46:03.547","OFFICE_OFFICENAME":"Apartment Cash Flow, Inc.","PHOTOCOUNT":22,"POSTALCODE":"55379","POTENTIALSHORTSALE":"No","PUBLICREMARKS":"1409 E Shakopee Ave is a rare opportunity to acquire a stable 10-unit apartment complex in the highly sought after city of Shakopee, MN. The unit mix is nine two-bedroom, one-bath and a unique three-bedroom, one-bath apartment. Long-term owners have kept this asset in perfect condition, with a historically low vacancy rate, and a zero accounts receivable record. The exterior features a classical well tuckpointed Chicago brick look with vinyl replacement windows new in 2016. Apartments are above average square feet compared to the market and have corridor kitchens, eat-in-dining areas, and spacious living rooms with large picture windows. Residents enjoy plenty of extra closet space within the units plus lower level additional storage lockers. Amenities to point out are the newer coin operated washers and dryers, secured keyless entrances for safety, super over-sized parking lot for residents and guests, and close to downtown main street Shakopee with many newer business’s and shoppes. Fully occupied with below market rents that can be raised organically over time in a non rent-controlled community. Newer hot water boiler (2022) and hot water heater (2023) are a bonus for a new owner!! Tours are to be set up through the listing broker Monday - Friday.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Age Over 8 Years,Asphalt,Pitched","SALEINCLUDES":"Building,Land,Leases","SCHOOLDISTRICTNUMBER":"720-Shakopee","SCHOOLDISTRICTPHONE":"952-496-5006","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2025-08-03T00:32:03.583","LASTSTATUS":"Active","STREETDIRSUFFIX":"E","STREETNAME":"Shakopee","STREETNUMBER":"1409","STREETSUFFIX":"Avenue","STYLE":"Apartment","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1970,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2025-08-03T00:30:03.486","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"IMG_2114.JPG\"},{\"Order\":2,\"Remarks\":\"IMG_2106.JPG\"},{\"Order\":3,\"Remarks\":\"IMG_2109.JPG\"},{\"Order\":4,\"Remarks\":\"IMG_2112.JPG\"},{\"Order\":5,\"Remarks\":\"IMG_2117.JPG\"},{\"Order\":6,\"Remarks\":\"IMG_9406.jpg\"},{\"Order\":7,\"Remarks\":\"IMG_9417.jpg\"},{\"Order\":8,\"Remarks\":\"IMG_9404.jpg\"},{\"Order\":9,\"Remarks\":\"IMG_9415.jpg\"},{\"Order\":10,\"Remarks\":\"IMG_9410.jpg\"},{\"Order\":11,\"Remarks\":\"IMG_9401.jpg\"},{\"Order\":12,\"Remarks\":\"IMG_9419.jpg\"},{\"Order\":13,\"Remarks\":\"IMG_9396.jpg\"},{\"Order\":14,\"Remarks\":\"IMG_9413.jpg\"},{\"Order\":15,\"Remarks\":\"IMG_9391.jpg\"},{\"Order\":16,\"Remarks\":\"IMG_9392.jpg\"},{\"Order\":17,\"Remarks\":\"IMG_9390.jpg\"},{\"Order\":18,\"Remarks\":\"IMG_9385.jpg\"},{\"Order\":19,\"Remarks\":\"IMG_9388.jpg\"},{\"Order\":20,\"Remarks\":\"IMG_9442.jpg\"},{\"Order\":21,\"Remarks\":\"Screen Shot 2023-07-10 at 1.06.57 PM.png\"},{\"Order\":22,\"Remarks\":\"Shakopee.jpeg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22","SOURCE":"MG_NST"}
{"ListingKey":"NST7782636","LotSizeArea":"0.69","NST_AgeOfProperty":"55","NST_AgentOwner":"No","InternetAutomatedValuationDisplayYN":"False","InternetConsumerCommentYN":"False","Appliances":"Range,Refrigerator","NST_AssessmentPending":"No","Basement":"Block,Finished,Full","BasementYN":"True","PropertySubType":"Apartment","NST_CeilingHeight":"8-10","City":"Shakopee","PropertyType":"Commercial Sale","NST_ConstructionMaterialsDesc":"Block,Brick,Frame","Contingency":"None","Cooling":"Wall Unit(s)","CountyOrParish":"Scott","CurrentUse":"Residential","Directions":"Highway 169 to Marschall Rd Exit / go north to property / Located on the NE corner of Shakopee Ave E and Marschall Rd","InternetAddressDisplayYN":"True","InternetEntireListingDisplayYN":"True","ManagerExpense":"6000","ElectricExpense":"1000","FuelExpense":"4244","InsuranceExpense":"6000","MaintenanceExpense":"0","OtherExpense":"3000","OperatingExpense":"48577","TrashExpense":"3081","WaterSewerExpense":"5500","NST_Expenses":"48577.0000","ConstructionMaterials":"Brick/Stone","NST_ForeclosureStatus":"No","FoundationArea":"4084","NST_FractionalOwnershipYN":"No","RoadFrontageType":"City Street","NST_Fuel":"Natural Gas","ParkingFeatures":"Asphalt,Parking Lot,Paved","GrossIncome":"164883","AccessibilityFeatures":"None","Heating":"Boiler,Hot Water","OriginalEntryTimestamp":"2025-08-03T00:22:01Z","LandLeaseYN":"False","NST_LastUpdateDate":"2025-08-02","Latitude":"44.790434","NST_LenderOwned":"No","ListAgentKey":"NST38915","ListAgentMlsId":"NST506069385","ListingContractDate":"2025-08-02T05:00:00Z","ListOfficeKey":"NST27376","ListOfficeName":"Apartment Cash Flow, Inc.","ListOfficeMlsId":"NST27376","ListPrice":"1549000","LockBoxType":"None","Longitude":"-93.506782","LotFeatures":"Irregular Lot,Some Trees","LotSizeDimensions":"Irregular","LotSizeUnits":"Acres","ListingId":"NST6766095","SourceSystemName":"RMLS","MapCoordinateSource":"King's Street Atlas","AdditionalParcelsYN":"False","NetOperatingIncome":"116306","NST_OfficeBoard":"SPAAR","NST_OwnerOccupied":"No","OwnerPays":"Fuel,Repairs,Snow Removal,Taxes,Trash Collection","ParcelNumber":"270300010","GarageSpaces":"0","NST_ParkingOpen":"20","PhotosCount":"22","PostalCity":"Shakopee","PostalCode":"55379","NST_PotentialShortSale":"No","PublicRemarks":"1409 E Shakopee Ave is a rare opportunity to acquire a stable 10-unit apartment complex in the highly sought after city of Shakopee, MN. The unit mix is nine two-bedroom, one-bath and a unique three-bedroom, one-bath apartment. Long-term owners have kept this asset in perfect condition, with a historically low vacancy rate, and a zero accounts receivable record. The exterior features a classical well tuckpointed Chicago brick look with vinyl replacement windows new in 2016. Apartments are above average square feet compared to the market and have corridor kitchens, eat-in-dining areas, and spacious living rooms with large picture windows. Residents enjoy plenty of extra closet space within the units plus lower level additional storage lockers. Amenities to point out are the newer coin operated washers and dryers, secured keyless entrances for safety, super over-sized parking lot for residents and guests, and close to downtown main street Shakopee with many newer business’s and shoppes. Fully occupied with below market rents that can be raised organically over time in a non rent-controlled community. Newer hot water boiler (2022) and hot water heater (2023) are a bonus for a new owner!! 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