612-805-5023
12751 Aberdeen St NE, Blaine, MN for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

12751 Aberdeen St NE
Blaine, MN 55449


HIGHLIGHTS

  • Strong Historical Occupancy
  • New Low-Income Rental Classification (LIRC) Tax Rate
  • Proximity to Employment and Education
  • Recent Capital Improvements

OVERVIEW

Michel Commercial is pleased to present the North Pointe Townhomes, an 18-townhome, mostly affordable community located in Blaine, MN. These well-maintained townhomes feature open layouts, in-home laundry, private entries, attached garages and recent capital improvements (including roofs, garage doors, furnaces, and air conditioning units). Affordability Structure The property includes the following components: • Market-Rate: 3 Townhomes • Project Based Vouchers (HAP): 4 Townhomes • HOME HUD (80% AMI): 2 Townhomes • Section 42 LIHTC (60% AMI): 9 Townhomes All affordability designations will remain in effect until the expiration of the Land Use Restriction Agreement (LURA) on March 17, 2033. Prime Location and Lifestyle North Pointe provides easy access to major roadways, offering convenient travel throughout the Twin Cities. The community is close to Blaine’s premier attractions, including: The National Sports Center, TPC Twin Cities golf course, and Bunker Hills Regional Park. Residents benefit from a blend of urban convenience and suburban charm, complemented by excellent schools within the highly regarded Anoka-Hennepin School District, known for its strong academics and extracurricular opportunities. Attractive Investment Opportunity North Pointe Townhomes presents a stable and attractive investment opportunity, boasting a history of strong occupancy and a high-demand location.

FOR SALE DETAILS

PRICE

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# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Pointe Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,143 SF

ZONING

-

APN/PARCEL ID

05-31-23-42-0106

ASK ABOUT THIS PROPERTY

Heidi AddoMichel Commercial Real EstateMore Info
612-805-5023

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Heidi AddoMichel Commercial Real EstateMore Info
612-805-5023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.