Properties listed in Townhome

Michel Commercial is pleased to present the North Pointe Townhomes, an 18-townhome, mostly affordable community located in Blaine, MN. These well-maintained townhomes have many recent capital improvements and feature open, spacious layouts, in-home laundry, and attached garages. Affordability Structure The property includes the following components: • Market-Rate: 3 Townhomes • Project Based Vouchers (HAP): 4 Townhomes • HOME HUD (80% AMI): 2 Townhomes • Section 42 LIHTC (60% AMI): 9 Townhomes All affordability designations will remain in effect until the expiration of the Land Use Restriction Agreement (LURA) on March 17, 2033. Prime Location and Lifestyle North Pointe provides easy access to major roadways, offering convenient travel throughout the Twin Cities. The community is close to Blaine’s premier attractions, including: The National Sports Center, TPC Twin Cities golf course, and Bunker Hills Regional Park. Residents benefit from a blend of urban convenience and suburban charm, complemented by excellent schools within the highly regarded Anoka-Hennepin School District, known for its strong academics and extracurricular opportunities. Attractive Investment Opportunity North Pointe Townhomes presents a stable and attractive investment opportunity, boasting a history of strong occupancy and a high-demand location.

Michel Commercial is pleased to present the Lakeville Court Apartments & Townhomes, a 52-home affordable community located in Lakeville, MN. These well-maintained townhomes feature open layouts, in-home laundry, private entries, attached garages and $2.5MM of capital improvements in 2011 (including new roofs, new windows, new siding, new HVAC and new boilers). Affordability Structure All 52 homes (100%) are designated to serve residents earning up to 60% of the Area Median Income (AMI) until the expiration of the Land Use Restriction Agreement (LURA) on January 17, 2026. Prime Location and Lifestyle Lakeville Court Apartments & Townhomes offers residents the perfect blend of urban convenience and suburban charm. Ideally located in Lakeville, MN, the community provides easy access to major employers like Post Consumer Brands, Hearth & Home Technologies, and BTD Manufacturing. Nearby conveniences include shopping at Cub Foods and Target, local dining options, and top-rated schools in the Lakeville Area School District, such as Cherry View Elementary and Lakeville South High School. Outdoor enthusiasts can enjoy Ritter Farm Park, Lake Marion, and Casperson Park, while the nearby I-35 ensures seamless transportation to the Twin Cities for work, education, and recreation. Attractive Investment Opportunity Lakeville Court Apartments & Townhomes presents a stable and appealing investment opportunity, supported by a history of strong occupancy and its high-demand location. In addition, the upcoming expiration of the affordable agreement further enhances the property’s appeal.

Michel Commercial is pleased to present the Morningside Townhomes, a 32-home affordable community located in St. Joseph, MN. These well-maintained townhomes feature open, spacious layouts, in-home laundry, private entries, and attached garages. Affordability Structure All 32 homes (100%) are designated for residents earning up to 60% of the Area Median Income (AMI) until the expiration of the Land Use Restriction Agreement (LURA) on July 3, 2036. Prime Location and Lifestyle Located in St. Joseph, MN–a charming town in Stearns County–the Morningside Townhomes offer the perfect blend of small-town charm and urban convenience. Part of the St. Cloud metropolitan area and just 75 miles northwest of the Twin Cities, St. Joseph is easily accessible via Interstate 94. The area is renowned for its picturesque setting, surrounded by rolling hills, lush farmland, and scenic lakes. St. Joseph is also home to the College of Saint Benedict and Saint John’s University, respected liberal arts institutions that contributes to the town’s vibrant and welcoming community. Attractive Investment Opportunity The Morningside Townhomes present a stable and appealing investment opportunity, supported by a history of strong occupancy. Additionally, the Low-Income Rental Classification (LIRC) tax rate reduction to 0.25%, effective January 1, 2025, further enhances its attractiveness as a valuable addition to any investment portfolio.