Properties listed in Forest Lake

Michel Commercial is pleased to present the Forest Park I Apartments, a 20 apartment home property located in Forest Lake, MN. This property has a strong occupancy history and benefits from recent capital improvements, including a newer boiler and parking lot enhancements. Featuring a desirable mix of one- and two-bedroom homes. Residents enjoy on-site laundry facilities and the convenience of garage and surface parking. This property presents a value-add investment opportunity, strategically positioned to capitalize on rental upside through interior upgrades. The Forest Park I Apartments is well-maintained and conveniently located in a submarket experiencing strong rent growth. This offering provides investors with a chance to leverage a solid performing property that offers a clear path to NOI growth.