The Meadows
610-620 Eugene Street West Concord / Minnesota
Property Details
Description
Location
Highlights
Incredible Value-Add Opportunity
Offering an opportunity for substantial rental growth potential through interior upgrades with the opportunity to take advantage of an estimated $119/unit average monthly premium on rents, capturing a 34.11% ROI.
Pride of Ownership
Current ownership has invested in remodeling units to ensure new investors a well maintained and worry free investment.
Strong Historical Occupancy
The Meadows Apartments has a predictable, cash flow with a history of 100% occupancy.
Supply-Constrained Submarket
Looking ahead, significant rent growth is anticipated, in the area, due to the limited supply of new housing. With fewer housing options available, competition among renters will likely increase, leading to steady rental growth.
Thriving Community Atmosphere
West Concord boasts numerous parks, trails, and recreational facilities, enhancing the quality of life for residents.