FOR SALE: The Pearl Apartments is a brand new mixed-use multi-family property. A stunning multifamily building in the heart of Hale neighborhood that opened up for residents July 20th, 2024 and is 100% leased. This property offers a unique opportunity for investors looking to capitalize on the booming Minneapolis metropolitan area. Boasting a total building size of 56,967 SF, this development features 48 modern and thoughtfully designed residential units, equipped with walkout balconies, key-less entry systems, mood lighting, and high-speed fiber optics WiFi. The ground floor 3,800sf retail space will have a French/American inspired breakfast/lunch bistro named Stonegarden. Situated in the Hale/Nokomis neighborhood of sought-after South Minneapolis submarket, this property is between the natural beauty of Lake Nokomis and Diamond Lake which offers an abundance of outdoor activities such as swimming, fishing, canoeing, and kayaking. Additionally, the area is home to numerous parks, most notably Pearl Park, walking trails, and Minnehaha Creek for outdoor enthusiasts to explore. Don't miss out on this incredible investment opportunity. Contact our team today to learn more about The Pearl Apartments and secure your place in the thriving Minneapolis real estate market for years to come. Investment Highlights 48-Unit Market-Rate + 1 unit commercial space Mixed-Use Building. In-unit washer/dryers, soft close cabinets, mood lighting, keyless entry, security cameras, bike room storage, 2nd floor lounge/patio, and 16-indoor heated parking with 4-EV charging stations. 63-secuirty cameras. Main Level Restaurant Retail Space leased for 10-years with rent increases scheduled to be open November 2024. Located in and Up-and-coming Hale Neighborhood. Half mile radius high household demographics over $154,000. Located near Diamond Lake, Lake Nokomis, and the Minnehaha Parkway. REACH OUT TO FOR PRICING AND FURTHER DETAILS.