Properties

Michel Commercial is pleased to present the Kestrel Park Townhomes, a 30-unit, affordable (Section 42) community in Glencoe, MN. This well-maintained property offers a desirable mix of spacious two- and three-bedroom townhomes, featuring open layouts, convenient amenities, such as dishwashers and in-home washers and dryers, attached garages, and private patios. All 30 townhomes (100%) are designated to serve residents at 60% of the median area income until the expiration of the LURA contract on 12/23/2029. Kestrel Park Townhomes are located in close proximity to numerous local amenities, including Oak Leaf Park, which features walking trails, a disc golf course, and scenic views of Buffalo Creek. The property is also less than a mile from Glencoe-Silver Lake Schools, making it an ideal location for families. Kestrel Park is situated just minutes from U.S. Highway 212, which provides quick connections to the western suburbs and the Twin Cities, with downtown Minneapolis reachable in under an hour. This easy access to major transportation routes enhances the townhomes’ appeal for residents seeking regional connectivity. With a history of high occupancy, recent capital improvements (including new roofs), Kestrel Park Townhomes offers reliable and consistent returns. The upcoming change in the Low-Income Rental Classification (LIRC) tax rate to 0.25%, effective January 1, 2025, further enhances its appeal as an excellent addition to any investment portfolio.

Michel Commercial presents the Richfield Portfolio, featuring three unique properties with a combined total of 236 apartment homes. These properties are available for purchase individually or as a portfolio. Portfolio Overview Located in the first-ring suburb of Richfield, MN, this portfolio offers a desirable mix of one- and two-bedroom apartment homes along with spacious three-bedroom townhomes. Each property features surface and garage parking, an outdoor pool, gathering spaces, and convenient on-site laundry facilities. Many of the properties have seen recent updates, including newer roofs, boilers, and decks. These properties have been well-maintained under the long-term ownership and management of the award-winning Highland Management Group. They were originally developed by Highland and are now being offered for sale for the first time. Prime Location The Richfield Portfolio is ideally situated near some of the Twin Cities’ most popular attractions, including the Minneapolis-St. Paul International Airport and the Mall of America. Residents enjoy the convenience of nearby shopping options such as Walmart, Sam’s Club, and Target. Outdoor enthusiasts have access to Wood Lake, Richfield Lake, Veterans Parks, and the Mississippi River, all just a short drive away. With easy access to Interstates 494, 35W, and MN 77, residents can easily navigate the metro area, connecting to top employers and entertainment destinations. Investment Potential These properties offer a compelling value-add investment opportunity with strong potential for rental growth through interior upgrades. Recent renovations in nearby, like-kind properties have driven up rental rates and maintain strong occupancy. With their prime locations and proven historical performance, this portfolio provides investors a unique opportunity to capitalize on the momentum of a growing submarket while positioning each property for continued NOI growth.

The Groveland Terrace Apartments is an 18-unit property located on the prestigious Grand Avenue in St. Paul, MN. This well-maintained property offers a desirable mix of spacious one- and two-bedroom apartments, featuring on-site laundry and coveted off-street parking. Residents also enjoy easy access to nearby walking and biking trails, making it a perfect location for an active, urban lifestyle. Situated in the highly sought-after Macalester-Groveland neighborhood, the property is within walking distance of a Metro Transit Route 63 bus stop, along with numerous restaurants and shops. It is less than a mile from both Macalester College and the University of St. Thomas, and just a mile from the nearest Green Line stop on University Avenue. Conveniently located, the Groveland Terrace Apartments is five miles from downtown St. Paul and seven miles from central Minneapolis, offering easy access to both cities. Residents also benefit from proximity to Interstates 94 and 35E, ensuring excellent regional connectivity. With a strong track record of high occupancy and solid in-place income, the Groveland Terrace Apartments offers reliable and predictable returns, making it an attractive investment in a prime location.

Michel Commercial is pleased to present the Stinson Apartments, a 17-unit apartment building in Columbia Heights, Minnesota. The Stinson Apartments is comprised of one- and two-bedroom apartments with on-site laundry as well as garages (12) and off-street parking. The Stinson Apartments is located in Columbia Heights, a first-ring suburb. The property is within walking distance of Prestemon Park, Silver Lake Beach, Cub Foods, and a major commercial hub, including Target and Menards. Stinson is 1.7 miles from central Columba Heights, including the iconic Heights Theater and the CH Metro Transit Center, and 6 miles from central Minneapolis. Residents enjoy easy access to Interstates 35W and 94 and Minnesota State Highways 47 and 65. The Stinson Apartments is an ideal value-add investment opportunity, with solid in-place income and substantial rental growth potential through interior upgrades. The property is well maintained and conveniently located in a submarket showing strong rent growth. With its comfortable apartments, proximity to urban amenities, and easy access to freeways, the Stinson Apartments presents an appealing investment opportunity and provides residents with a place they can proudly call “home.”

Michel Commercial is pleased to present a two-property portfolio in St. Paul, consisting of 62 apartment homes. Both properties boast a history of strong occupancy and feature a desirable mix of studio, one-bedroom, and two-bedroom homes. Residents enjoy on-site laundry facilities, dishwashers (in the two-bedroom homes) and the convenience of both garage and surface parking. The 44 Arlington and 578 Galtier Apartments, being sold by long-time owners, can be sold together or separately. The 44 Arlington and 578 Galtier Apartments are conveniently located in the heart of St. Paul, MN. Just a short distance from the bustling downtown area, residents enjoy easy access to the city’s vibrant community center, library, and primary shopping districts. The properties are situated only a few miles from the state capitol and the scenic banks of the Mississippi River. This prime location offers residents quick access to major highways, including Interstates 94 and 35E, providing the perfect blend of urban convenience and natural beauty. This St. Paul portfolio has been well-cared for and is poised for continued rent growth through interior upgrades, in line with the rent control ordinance. With their convenient locations, wellmaintained conditions, and rental upside potential, the 44 Arlington and 578 Galtier Apartments present an attractive investment opportunity.

Michel Commercial is pleased to present the Portland Terrace Apartments, a 68-home apartment complex located in the suburb of Richfield, MN. Built in 1963, Portland Terrace has a desirable unit mix of mostly one- and two-bedroom units with on-site laundry facilities, covered garages (30), and ample surface parking. Residents of Portland Terrace Apartments appreciate its exceptional connectivity, with easy access to major routes such as Interstate 494, 35W, and Highway 77, enabling seamless travel throughout the Twin Cities. Positioned within a dynamic commercial hub, the property offers convenient proximity to renowned retailers, including Target, Walmart, the Mall of America, and the Galleria. Nature enthusiasts enjoy the nearby Wood Lake Nature Center that boasts three miles of scenic walking trails, boardwalks encircling the lake, observation shelters, docks, a picnic area, and an outdoor amphitheater, providing a haven for outdoor recreation and relaxation. The Portland Terrace Apartments represents a compelling investment opportunity characterized by significant upside potential. A strategic repositioning, coupled with prompt unit renovations, can yield substantial rent premiums (over $195/unit/month). The property’s convenient location and the demand for housing in the submarket makes the Portland Terrace Apartments a strong investment vehicle.

Michel Commercial is pleased to present the Pleasant Court Apartments, a 58-home apartment complex located in Park Rapids, MN. Built in 2013 and 2016 by the highly regarded Kuepers Architects & Builders, Pleasant Court has a desirable mix of one-, two-, and three-bedroom homes. Each home has open concept living rooms, attractive cabinetry, dishwashers, individual air conditioning, and detached garages. Community amenities include a fitness room, a community room, an outdoor grilling station, a play area for children, on-site laundry facilities, and an elevator in one of the buildings. Pleasant Court is located in Park Rapids, MN, a community known for its abundance of green space and outdoor recreation opportunities. Pleasant Court is less than half a mile from CHI St. Joseph’s Health and less than a mile from the many shops, restaurants, and art galleries of downtown Park Rapids, as well as several grocery stores. Fish Hook Lake is just five minutes away, and outdoor enthusiasts can reach Itasca State Park and Chippewa National Forest in under an hour. Residents enjoy easy access to US Route 71. Pleasant Court Apartments presents a turn-key investment opportunity with a proven track record of high occupancy rates and solid in-place income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.

Michel Commercial is pleased to present the Sunset Ridge Apartments, a 105-home apartment complex located in Fergus Falls, Minnesota. Built in 2015, Sunset Ridge was developed by the highly regarded Kuepers Architects & Builders, and has a desirable mix of one- and two-bedroom homes with open concept living rooms, attractive cabinetry, dishwashers, individual climate control, and detached garages. Community amenities include a fitness room, a community room, an outdoor grilling station, a play area for children, and laundry facilities. Sunset Ridge is located in Fergus Falls, a community known for its scenic beauty and green spaces. Sunset Ridge is just five minutes from the nearest Walmart and less than four miles from the city’s reputable elementary, middle, and high schools. The property is less than ten minutes from central Fergus Falls, including shopping, dining, the library, an award-winning hospital, and several riverfront parks, and less than fifteen minutes from Pebble Beach and the northern terminus of the 55-mile Central Lakes Trail. Residents enjoy easy access to Interstate 94 and Minnesota State Highway 210. Sunset Ridge Apartments is a turn-key investment opportunity in a community with stable rental demand. The property has a high occupancy rate, offering robust in-place income. With its desirable amenities, convenient location, and easy access to incredible green spaces, Sunset Ridge Apartments presents an appealing investment opportunity and provides residents with a place they can proudly call “home.”

Michel Commercial is pleased to present an exclusive listing for the sale of the Glenfield Park Estates, a 152-home, new construction, luxury apartment complex in the second-ring Twin Cities suburb of Blaine. Completed in 2023, Glenfield Park was developed by the highly regarded Kuepers Architects & Builders. Each of Glenfield Park’s well-appointed units features an open-concept layout, a private balcony, stainless steel appliances and a breakfast bar in the kitchen, in-unit laundry, and luxury flooring throughout. An indoor, ground-level parking space is currently included in the resident’s rent. The complex is rich with desirable amenities, including a fitness center, a theater, a resort-style outdoor pool and grilling station, a children’s play area, an elevator, and more. Glenfield Park is just ten minutes from the National Sports Center and the Village of Blaine Shopping Center and fifteen minutes from luxury golf course TPC Twin Cities, three of Blaine’s premier destinations. Lakeside Park at Spring Lake and Laddie Lake Park are both within two miles of the property, as is the Anoka County-Blaine Airport. There is a commercial hub less than four miles away, including Target, Menards, and restaurants. Glenfield Park offers quick access to Highways 10 and 65 and is within 16 miles of both central Minneapolis and downtown St. Paul. Glenfield Park Estates is a turn-key investment opportunity in one of the fastest-growing suburbs in the Twin Cities. Offering modern, luxury living in a prime location, below replacement costs. This property and location combine the best of both suburban and urban amenities, offering easy access to popular destinations, green spaces, and freeways. This stunning newly constructed property is a standout and a place residents are proud to call “home.”

Michel Commercial is pleased to present the Ventura Flats, a 74- unit, market-rate apartment complex situated in Minneapolis’s Ventura Village neighborhood. Built in 1967, this property features 18 studios and 56 one-bedroom units, with a history of strong occupancy. The Ventura Flats also has on-site laundry facilities as well as surface parking. Ventura Village, nestled in the heart of Minneapolis, is a vibrant neighborhood known for its cultural richness and community spirit. Its central location provides easy access to downtown amenities, public transportation, and a plethora of cultural and recreational opportunities. Residents benefit from active community organizations and initiatives aimed at fostering a sense of belonging and improving the overall quality of life. With its rich tapestry of cultures, bustling streets, and welcoming atmosphere, Ventura Village embodies the dynamic spirit of Minneapolis living. The Ventura Flats offers a compelling investment opportunity, boasting attractive, assumable debt at 4.58% until 2028. With a mission-driven approach, the long-term owners have intentionally maintained exceptionally low rents to ensure naturally occurring affordable housing for residents. We anticipate that the next owners can capitalize on significant rent increases simply by adjusting them to market rates and/or by permitting Section 8 vouchers. Additionally, leveraging the 4D tax program can substantially reduce the property’s tax liability. Situated conveniently with easy access to highways and urban amenities, the Ventura Flats stands as an attractive investment prospect.

Michel Commercial Real Estate is pleased to present an exclusive listing for The Nexus at Gray’s Landing — an award winning, best-inclass, 142-home, mixed-use, luxury apartment complex with modern finishes and upscale, resort-style amenities. Situated in Des Moines, Iowa and developed by the highly esteemed Sherman Associates in 2018, the addition of the Nexus at Gray’s Landing to the Des Moines landscape has been well-received and is an asset to the community. This gorgeous property has retail and office space on the lower level with a desirable unit mix of apartment homes. Each of the pet-friendly homes features high-end finishes, including granite kitchen islands, stainless steel appliances, high-efficiency in-home washers and dryers, luxury plank flooring, spacious walk-in closets, tile backsplashes, and balconies or patios (in select units). The complex is rich with desirable amenities including, a community garden, a picnic area with a grill, a 24-hour fitness center, an outdoor pool, underground parking, and more. The Nexus is located in a growing pocket of Des Moines and offers convenient access to the shopping, dining, and attractions of downtown Des Moines. Outdoor enthusiasts are less than five minutes from Gray’s Lake Park, Principal Park, and the shores of the Des Moines and Raccoon Rivers. For those with a commute, the Nexus offers easy access to Interstate 235 and Highway 69. <strong>The Nexus at Gray’s Landing has strong occupancy, 4+ years of tax abatement, and an assumable HUD loan (2.94% fixed rate, matures 3/1/2058).</strong> Offering modern, luxury living, in a convenient location, close to the amenities of the city and coupled with easy access to green space and major highways, the Nexus at Gray’s Landing is a standout property where residents are proud to call “home.”

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of The Cliffs of Minnetonka (the “The Cliffs”), a sprawling 456-unit apartment community. This rare offering is for sale for the first time. Built in 1985, this community features spacious units, open concept living, in-unit washers and dryers (322 units), heated underground parking, and resort-style amenities. The Cliffs is located in the city of Minnetonka, one of the most desirable suburbs in the Twin Cities, and situated in the top-rated Wayzata School District. The Cliffs is bordered by residential communities to the north and a robust commercial area directly to the south. Ridgedale Center Mall, one of the busiest malls in the Twin Cities, is just a five-minute drive away and features 108 stores (1.1 million square feet of retail space). Downtown Minneapolis is less than ten miles away via direct route on Interstate 394, which is less than a block from The Cliffs’ entrance. The Cliffs of Minnetonka is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades in the apartment units. The property is 96% occupied and over $1.5MM in capital improvements have been made to the common areas within the last year. Offered free and clear of existing debt, this property is a high yield investment opportunity when coupled with today’s attractive financing options. The Cliffs of Minnetonka is a rare jewel of a property that was built to be a showstopper and is located in a high barrier of entry market with easy access to top employment sectors, shopping, and freeways.

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the SpringBrook Apartments, an expansive 361- unit apartment complex featuring 242 detached garage stalls and resort-style common areas. This rare offering is for sale for the first time. Built in 1987, the Property is a value-add investment opportunity and is well positioned for strong rental growth through interior upgrades. A portion of the units have been renovated and serve as a model for the rental growth potential.

Michel Commercial is thrilled to introduce the Champlin Portfolio, a unique offering comprising two properties located just 0.6 miles apart. With a total of three buildings and 135 apartment homes, this portfolio presents an exceptional investment opportunity. The Riverview Estates and the Sunset Apartments are for sale for the first time in over 20 years and can be sold together or separately. These properties feature a desirable mix of one-, two-, and three-bedroom units as well as community amenities that include surface and garage parking, along with convenient on-site laundry facilities. Additionally, the Riverview Estates offers a spacious community room, an indoor pool, and an outdoor playground. The north-facing units, at Riverview, notably boast scenic river views. Nestled in the vibrant suburb of Champlin, this portfolio offers convenient living just minutes from downtown Champlin and a quick stroll from the newly revitalized Mississippi Crossings community area. With easy access to US Route 169 for seamless commuting, residents also enjoy proximity to strong job markets, diverse dining options, shopping, and entertainment. Additionally, Elm Creek Park and Mercy Hospital are just a few miles away, providing further convenience and accessibility. This portfolio presents a prime value-add investment opportunity, strategically positioned to capitalize on remarkable rental upside through attractive interior upgrades. Situated in a high-demand submarket that has been historically supply constrained, the area is currently experiencing robust rent growth. Moreover, there's been a noticeable demographic shift towards higher-income earners, driving demand for renovated and modernized properties. This offering provides investors with a unique chance to leverage these exceptionally well-located apartment communities that offer immediate upside potential.

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Tealwood Apartment Homes (“Tealwood” or the “Property”). This sprawling 213- home community was built in 1987 and has a mix of market-rate homes (65% or 138-units) and affordable homes (35% or 75-units). Tealwood features open floor plans, full-size in unit washers and dryers, heated underground parking, in unit fireplaces, as well as balconies and patios. This Property is beautifully landscaped and boasts luxurious, community amenities. Tealwood is located in West Bloomington and the Property is surrounded by a blend of residential neighborhoods, parks and golf courses, as well as commercial hubs, including grocery stores and coffee shops. Bloomington is the fourth largest city in Minnesota and home to the Mall of America. Many large companies have chosen Bloomington for their headquarters and major operations, leading to Bloomington’s extremely high number of jobs per capita. Tealwood is served by Bloomington Jefferson High School, which has been named a National Blue Ribbon School of Excellence by the U.S. Department of Education. Interstate 494 is just 2.5 miles away, offering easy access to downtown Minneapolis and St. Paul, as well as the Minneapolis-St. Paul International Airport. The Tealwood Apartment Homes is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades in the market-rate homes. The Property is 99.1% occupied and over $1.6MM in capital improvements have been made in the last 8 years. Residents enjoy the Property’s stunning community amenities, including: a 24-hour fitness center, an outdoor pool, an outdoor great room, a dog park, 24/7 package kiosk, walking trails, and sport courts for: basketball, and tennis. The Tealwood Apartment Homes is an impressive community located in a robust market with easy access to top employers, shopping, and freeways.

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Garden Square Apartments, a 120-unit apartment complex located in St. Cloud, Minnesota. The Garden Square Apartments were built in 1986 with a 3 story design, a desirable unit mix, and 123 detached garages. This property is amenity rich and well-maintained with an excellent occupancy history. In addition, there have been many capital improvements in the last 5 years (including a new roof).

The Falcon Heights Town Square Senior Apartments and the Falcon Heights Town Square Apartments are located in Falcon Heights, MN in Ramsey County. These properties have a total, combined unit count of 175-units and are a mix of market rate (65%) and affordable (35%) units. The sale includes approximately $1.7 million in TIF. The Falcon Heights Town Square Senior Apartments were built in 2003 and have 56 units (32% of the portfolio). This property features one-bedroom units, one-bedroom + den units, and two-bedroom units that vary in size and style. About 95% of the units are market rate and 5% of the units are affordable. Each unit has an in-unit washer and dryer, central heat and air conditioning, a dishwasher, a microwave, a refrigerator, a self-cleaning oven, a step-in shower, and is cable/ satellite ready. This independent, senior (62+) living community also has a 24-hour fitness room, a game room, a puzzle room, a media room with internet, a library, two community areas with fireplaces, and an outdoor community space. The Falcon Heights Town Square Apartments were built in 2004 and have 119 units (68% of the portfolio). This property features one-bedroom units, two-bedroom units, and three-bedroom units that vary in size and style. About 51% of the units are market rate and 49% of the units are affordable. Each unit has an in-unit washer and dryer, air conditioning, a dishwasher, a refrigerator, a self-cleaning oven, and generous closet space. This property also has multiple retail spaces with great visibility on the ground floor. The Falcon Heights Town Square Senior Apartments and the Falcon Heights Town Square Apartments feature ample heated underground parking ($50/month) as well as surface parking. These properties are centrally located and the residents enjoy the close proximity to I-35W and Highway 36. The convenient location also allows for easy access to: the Rosedale Mall, downtown St. Paul, local businesses, parks, trails, the Mississippi River, local schools, restaurants, bus lines, and more. The Falcon Heights Town Square Senior Apartments and the Falcon Heights Town Square Apartments offer comfortable and spacious living with an urban suburban feel.

Remington Cove Luxury Apartments is a premier apartment community in Apple Valley. Built in Fall 2015 with 101 luxurious units, the building includes 1, 2, and 3 Bedroom apartment homes with upscale amenities such as heated underground parking, a 24 hour fitness center, an outdoor fire pit and picnic patio, off leash dog park, and a community room with a full kitchen. Remington Cove is a luxurious place to call home.

The Cedar Pointe Estates was constructed between 2016 and 2019. There are 145 apartment units consisting of 50 one-bedroom units, 91 two-bedroom units, and 4 two-bedroom plus den units. The property does not have any affordability restrictions. There are 95 detached garage stalls plus an additional 263 surface parking spaces. Amenities include one community room with kitchen in each building, BBQ grills, one fitness room in each building, a playground, one elevator per building, laundry rooms on each floor of every building (10 rooms) and one on-site leasing office. While the owner is responsible for heat, hot water, water, sewer, and trash, the tenants pay for their own electric and have access to cable TV, internet, and garage stalls.

Highland Shores Luxury Apartments is a premier apartment community in Chaska. Built in 2008 with 58 luxurious units, the building includes Studio, 1, and 2 Bedroom apartment homes with upscale amenities such as heated underground parking, a 24 hour fitness center, a barbecue area and picnic patio, and a community room. Highland Shores is a luxurious place to call home.

The Lodge at Little Canada is a 79 unit mixed use property on a 2.08 acre site in Little Canada MN. Built in 2003, the property features one and two bedroom units, ground level commercial spaces, a heated garage, fitness center, library, gaming room, community room and lounge areas. Tenants enjoy easy access to public transportation, restaurants, churches, schools & parks.

The Chestnut Apartment Community is a beautiful apartment property consisting of 7 apartment buildings with total of 159 units including 15 studio units, 68 one bedroom units, 45 two bedroom units, 11 two bedroom + den units and 20 three bedroom units. The property has underground parking (Phase Two), tuck under garages and detached garages. Phase One was built in 1974 and Phase Two was built in 2000. The buildings have attractive two and three story designs. Some of the amenities include washer and dryer hookups in units (Phase Two), controlled access and, elevator (Phase Two), fitness center, community room, outdoor swimming pool and picnic areawith barbecue. The residents pay all their utilities.

Michel Commercial Real Estate is pleased to represent the Owner as Exclusive Investment Advisor/Broker in the marketing of Live Active Apartments (“The Property”). The Live Active Apartments is the most amenity rich complex in Mankato! Built in four phases from 1973 to 2016: Briargate I & II, Southridge, The Preserve, and the Cachet are comprised of 26 buildings on over 31 acres. The Live Active Apartments boast 1,079 beds (524 units) and attracts students as well as young professionals with their variety of unit styles, pricing, and access to amenities. The Live Active Apartments are strategically located less than half a mile away from Minnesota State University, Mankato as well as various restaurants and shopping. In addition to this, they offer a host of resort-style amenities including a new clubhouse, workout facility, a tanning bed, heated pool, indoor hot tub, hockey and ice skating rink (in the winter), bonfire pits, dog park, basketball court, sand volleyball courts, and more. With more amenities than any other complex in Mankato, the Live Active Apartments are the most desirable place to live, study, work, compete, and play! LiveActiveApartments.com

The Calhoun Towers Apartments are a 21 story high rise near Lake Calhoun with 108 units. The property has underground parking, a fitness center, a community room, elevators and balconies.

Blaine Town Square is a Senior's (62+) Affordable 87 unit apartment building on a 1.84 acre site in Blaine MN. Built in 2004, the property features one and two bedroom units, heated underground parking, 24-hour gym, indoor pool, resident-run library, community room, media room and grand lobby area with fireplace and a piano. Tenants enjoy easy access to public transportation, restaurants, churches, schools & parks.

The Continental Village Apartments were built in 1968 and have a 2 1/2 story design with attractive and easy to maintain all brick exteriors. The property is 99% occupied. The property consists 3 apartment buildings with 28-1BR's and 58-2BR's for a total of 86 units . There are 100 detached garages. The Some of the amenities include a swimming pool, playground, laundry facilities, an office and high speed internet. The tenants pay for their electricity, trash, sewer and water. The property has received two new roofs in the last 5 years.

Welcome to the relaxed living environment of Grand Avenue Estates Apartments and Patio Homes. The Grand Avenue Estates community is located in a residential setting just minutes from the St. Louis River with walking trails nearby. It is also close to Spirit Mountain Ski Area and the Superior Zoo. The Grand Avenue Estates presents an excellent opportunity to own a neighborhood within a neighborhood. Situated on the outskirts of Duluth, it has the feel of a rural setting, yet in the city. There are 6 three bed/two bath apartments, 34 two bed/two bath apartments, and 18 one bed/one bath apartments. There are also 5 three bed/two bath patio homes, and 4 two bed/two bath patio homes. Each unit (apartments and patio homes) has the convenience of its own laundry room, complete with washer and dryer.

Bay Point Lake Apartments is a 114 unit market rate property on a 6 acre site in Eden Prairie, MN. Built in 1984, this building has a three story above ground design with an all brick exterior. The property has 101 underground parking spaces that rent for $50 a month and 12 detached garage spaces that rent for $75 a month. The property is comprised of 22 one bedroom units, 91 two bedroom units, and 1 three bedroom unit. (Many of these units have been recently remodeled.) Features of this building include: underground and surface parking, a fitness gym, and access to The Preserve, which includes a party room, an outdoor pool, a kids playground, tennis courts, volleyball courts, and a picnic area. Tenants enjoy the paved trails through the woods and around the lake, easy access to restaurants, and excellent schools.

The Willow Park Community is a beatiful 300 unit community consisting of 10 apartment buildings with 30 units in each building. The property was built in 1976 and 1977. The buildings have attractive 3 story above ground designs with brick and wood exteriors. Some of the amenities include laundry on each floor, controlled access, exercise room, sauna, community room, playground, swimming pool, tennis courts, basketball courts and volleyball courts. The residents pay their utilities.