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.