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Sunrise Court

Sunrise Court

1185 S Main Street  /

Property Details

Price:
Property Type Multifamily
Total Lot Size: 3.21 Acres
Year Built: 1979
Number of Units: 53
County: Isanti

Description

Michel Commercial is pleased to present Sunrise Court Apartments, a 53-apartment home property located in Cambridge, MN. This property has a strong occupancy history and benefits from recent capital improvements, including a newer boiler. Featuring a desirable mix of studio, 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 Sunrise Court 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.

Location

Sunrise Apartments is just minutes from the vibrant downtown Cambridge, offering tenants easy access to local dining, retail, and entertainment options. The property is a short drive from Cambridge-Isanti High School, and Cambridge Medical Center. Additionally, the nearby Highway 65 and Highway 95 corridors provide seamless connectivity to the Twin Cities metro area and surrounding communities. With nearby parks such as City Park and recreational amenities like the Cambridge Golf Club, Sunrise Apartments is perfectly positioned to meet the lifestyle needs of its residents.

Highlights

Value-Add Opportunity
Offering an opportunity for substantial rental growth potential through interior upgrades with the opportunity to take advantage of an estimate $108/unit average monthly premium on rents, capturing a 32.08% ROI.

Strong Historical Occupancy
Located in the charming community of Cambridge, MN, Sunrise Court Apartments offers a proven track record of strong occupancy rates. Residents are drawn to its welcoming atmosphere, comfortable living spaces, and convenient location near the best of what Cambridge has to offer.

Excellent Connectivity Throughout the Metro
Cambridge benefits from its proximity to major highways and interstates, including Interstate 35 and Highways 8 and 61. Its location provides residents with convenient access to urban amenities and employment opportunities making it a highly desirable place to live, work, and play.

Thriving Community Atmosphere
The community at Sunrise Court is friendly and close-knit, offering residents a sense of belonging. With well maintained grounds and a welcoming vibe, it’s a great place to enjoy a peaceful yet active lifestyle.

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