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Apartments For Sale • 94,434 SF
| Attractive assumable loan with a $10.2M balance, 4.67% interest-only through July 2032, and monthly debt service of $44,107.09 inclusive of reserves |
| 108-unit multifamily asset on a combined 5.42-acre site in the New Brighton rental market |
| Updated unit interiors with renovated kitchens in many units, select bathroom renovations, updated fixtures, flooring, and modern finishes |
| Strong in-place cash flow supported by below-market assumable debt and professional management |
| Recent capital improvements include railing repairs, gutter repairs, pool shed reconstruction, boiler room wall repairs, and planned parking lot overl |
| Steady rental demand driven by nearby employment corridors, strong demographics, and access to Minneapolis and Saint Paul |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Fridley Station (Northstar Corridor - Northstar Commuter Rail) | 10 min | - | 5.7 mi |
| Target Field Station (Northstar Corridor - Northstar Commuter Rail) | 16 min | - | 7.8 mi |
| Airport | Drive | Walk | Distance |
| Minneapolis-St Paul International/Wold-Chamberlain | 22 min | - | 14.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 164 |
| Type: | Surface |
| Included in Rent: | Yes |
Abe Roberts
Marcus & Millichap
Abe Roberts
Marcus & Millichap
