The Fairways Apartments at Edinburgh is a 198-unit apartment community overlooking Edinburgh USA Golf Course, located just south of the rapid growth 610 Corridor. The property has undergone significant renovations under current ownership including complete unit renovations and common area updates. The property is well-positioned for strong rent growth given operational trendline, with NOI having grown 8%.
???????The Brooklyn Park submarket has seen growth in rents and current market vacancy is 2.4%. The major differentiating factor with The Fairways is its large average unit size of 1,121 square feet and attractive unit mix with 70% 2 BR / 2BA. In addition, 48% of the units have golf course views and all units have in-unit, full size washer/dryer.
The property is being offered free and clear.