The Minnehaha Portfolio Multi-Family FOR SALE


Minneapolis, MN - Longfellow
$4,330,000 USD
612-805-5023
, Minneapolis, MN for Sale
$4,330,000 USD
Multi-Family - FOR SALE
1/4
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The Minnehaha Portfolio
Minneapolis, MN
Longfellow


HIGHLIGHTS

  • High occupancy - strong resident retention and demand
  • RUBS (Resident Utility Billing System) Implemented - Increases cost recovery and operation efficiency
  • Strong in place income - Provides immediate and stable cash flow
  • Rent Growth Potential - Opportunity to gradually adjust rents in line with market trends
  • Operational Efficiencies - Additional upside through streamlined management and expense reduction
  • Low-Income Rental Classification (LRC) Tax Rate - 21.1% property tax reduction

OVERVIEW

Michel Commercial presents the Minnehaha Portfolio, a collection of three distinct properties totaling 45 apartment homes. These properties are available for purchase individually, in pairs, or as a complete portfolio, offering flexibility to investors. With prime locations and strong in-place income, this portfolio offers investors a unique chance to capitalize on the current momentum while positioning each property for sustained NOI growth. Portfolio Overview Located in the sought-after Longfellow neighborhood of Minneapolis, MN, this portfolio features a mix of studio and one-bedroom apartment homes. Each property includes surface parking and on-site laundry facilities for added convenience. Well managed and well-maintained, these properties have received recent updates and are positioned in a highly desirable location. Conveniently Located These properties have excellent transit access near the Metro Blue Line, major highways, and bus routes. Situated along the Minnehaha Ave bike corridor, they offer a walkable and bike-friendly environment with nearby daily conveniences. Just minutes from Minnehaha Regional Park and the Mississippi River Parkway, they provide great outdoor recreation. Surrounded by local favorites and major retailers like Target and Cub Foods, they also offer quick access to downtown Minneapolis, MSP Airport, and the Mall of America. Investment Potential These properties present a compelling investment opportunity with strong potential for income growth through gradual rent increases and operational efficiencies. Recently enrolled in the Low-Income Rental Classification (LIRC) tax rate program, also known as 4D, they are now benefiting from a 21.1% reduction in property taxes, directly improving the net operating income (NOI). Property Highlights: Portfolio Overview Located in the sought-after Longfellow neighborhood of Minneapolis, MN, this portfolio features a mix of studio and one-bedroom apartment homes. Each property includes surface parking and on-site laundry facilities for added convenience. Well managed and well-maintained, these properties have received recent updates and are positioned in a highly desirable location. Conveniently Located These properties have excellent transit access near the Metro Blue Line, major highways, and bus routes. Situated along the Minnehaha Ave bike corridor, they offer a walkable and bike-friendly environment with nearby daily conveniences. Just minutes from Minnehaha Regional Park and the Mississippi River Parkway, they provide great outdoor recreation. Surrounded by local favorites and major retailers like Target and Cub Foods, they also offer quick access to downtown Minneapolis, MSP Airport, and the Mall of America. Investment Potential These properties present a compelling investment opportunity with strong potential for income growth through gradual rent increases and operational efficiencies. Recently enrolled in the Low-Income Rental Classification (LIRC) tax rate program, also known as 4D, they are now benefiting from a 21.1% reduction in property taxes, directly improving the net operating income (NOI).

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.