Lofts of Sandcreek

Michel Commercial is pleased to present the Lofts of Sandcreek, a 41-townhome community in Coon Rapids, MN. This property has a strong occupancy history and benefits from recent capital improvements, including updated siding and parking lot enhancements. The desirable unit mix of one- and two-bedroom homes offers residents sought-after amenities such as in-unit laundry, private patios, private entries, and garage parking. The Lofts of Sandcreek is located in Coon Rapids, known for its blend of suburban comfort and natural beauty with easy access to major highway and amenities. The city is well-connected via Highways 10 and 47, as well as Interstate 35W, providing seamless travel to the Twin Cities and beyond. Coon Rapids boasts an extensive park system, including Bunker Hills Regional Park, a sprawling area with trails, a water park, a golf course, and spaces for camping and picnicking. The Mississippi River also flows through the city, offering scenic views. This opportunity offers a clear path to NOI improvement, providing investors with the opportunity to capitalize on a well performing asset with significant upside potential.

This townhome community presents a prime value-add investment opportunity, strategically positioned to enhance rental income through interior upgrades. Townhome-style rental homes typically attract high-quality, long-term residents, supporting strong occupancy and stability. The Lofts of Sandcreek is located in a submarket with low vacancy rates and limited new deliveries expected over the next 12 to 24 months—a strong indicator of continued rent growth.