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River Glen Apartments

River Glen Apartments

507 70th Ave N  /

River Glen Apartments

Property Details

Price:
Property Type Multifamily
Year Built: 1971
Number of Units: 128
County: Hennepin

Description

Michel Commercial is pleased to present River Glen Apartments— a 128-home, garden-style apartment community located in Brooklyn Center, MN, a strong first-ring suburb just minutes from downtown Minneapolis. This community sits on a quiet residential street close to retail, dining, and employment corridors. With significant value-add potential through unit renovations and operational upside, River Glen presents investors with a compelling opportunity to acquire a stabilized asset with both cash flow and long-term growth in a proven workforce housing submarket. River Glen Apartments is a wellmaintained, community offering spacious units in a quiet residential pocket of Brooklyn Center, MN. The property combines classic suburban charm with practical features that appeal to today’s workforce renters. Each apartment includes generous floor plans and large closets. With many units in original condition, River Glen presents a prime value-add opportunity through targeted interior upgrades. The community’s solid bones and functional layouts create an ideal foundation for repositioning.

Location

Positioned near Interstate 94 and Highway 252, River Glen offers quick access to downtown Minneapolis and major job centers, making it a desirable option for renters seeking affordability without sacrificing connectivity.

Highlights

Strong Historical Occupancy
River Glen benefits from a longstanding tenant base, with limited turnover and strong resident retention. The property’s quiet, residential setting—just minutes from schools, parks, and everyday conveniences—supports a sense of community that appeals to families and long-term renters alike. This stability translates into consistent cash flow and reduced leasing costs for ownership.

Excellent Connectivity to Fargo
Ideally situated just minutes from I-94 and Highway 252, River Glen provides residents with quick access to downtown Minneapolis, the Northwest Business Park, and major regional employers. This central location enhances resident mobility and positions the asset for strong long-term renter demand.

Thriving Community Atmosphere
Located on a quiet street in Brooklyn Center, River Glen offers a peaceful, community-focused atmosphere with mature trees, shared green space, and nearby parks. Its close proximity to schools, shopping, and public transit makes it a convenient and attractive option for long-term residents seeking suburban comfort with urban access.

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