Property Details
Description
Location
Highlights
Strong Historical Occupancy
North Pointe Townhomes boasts consistent and predictable cash flow, supported by its strong occupancy rates. The appeal of its townhome-style rental units attracts and retains residents, ensuring long-term stability and demand.
New Low-Income Rental Classification (LIRC) Tax Rate
The Low-Income Rent Classification (LIRC) tax rate for the designated affordable townhomes has been reduced to 0.25%, effective January 1, 2025. This adjustment significantly lowers the property’s tax burden, enhancing its overall profitability.
Proximity to Employment and Education
North Pointe Townhomes’ location gives residents easy access to both local employment and educational opportunities while also being close enough to the Minneapolis-St. Paul metro for commuting to larger employment centers or attending prominent universities. This balance of access to local amenities and the broader metro area is a significant draw for residents looking for career growth and educational advancement.
Thriving Community Atmosphere
Blaine, MN, is a city known for its inviting community atmosphere, blending suburban charm with a dynamic range of amenities, activities, and green spaces. Blaine’s community atmosphere combines the appeal of a family-friendly suburban area with the vibrancy of a town that values connection and active living.