Properties listed in Apple Valley

Michel Commercial is pleased to present Kingston Green, a well-maintained 343-home apartment community located in the heart of Apple Valley, Minnesota, in Dakota County. The four-story property features spacious one-, two-, and three-bedroom apartment homes averaging 1,282 square feet, with in-unit washers and dryers, central air, walk-in closets, private patios or balconies (many oversized), vaulted ceilings in fourth-floor homes, and both underground and surface parking. Residents also enjoy an extensive amenity package that includes indoor and outdoor swimming pools, a playground, a sauna and whirlpool, a fitness center, a community room, elevators, and recent capital improvements, including a new roof completed in 2021. Constructed in 2000 on expansive, beautifully maintained grounds, Kingston Green has benefited from consistent ownership reinvestment and meticulous upkeep. Significant capital improvements, including newer roofs, have positioned the property in excellent physical condition with limited near-term capital needs. Currently 99% occupied and achieving average in-place rents of $1,735 per month, Kingston Green provides stable cash flow while offering meaningful upside through interior renovations. Interior renovations provide a clear opportunity to increase average rents by approximately $324 per apartment home. Additional upside exists through monetizing the property’s 343 underground parking stalls, which are currently included in the rent.

Michel Commercial is pleased to present Majestic Cove, a well-maintained 192-home apartment community located in the heart of Apple Valley, Minnesota, in Dakota County. The three-story property features spacious one-, two-, and three-bedroom apartment homes averaging 1,020 square feet, with in-unit washers and dryers in most homes (60%), central air, walk-in closets, private patios or balconies (many oversized), vaulted ceilings in thirdfloor homes, and detached garage and surface parking. Residents also enjoy an extensive amenity package that includes indoor and outdoor swimming pools, a sauna and whirlpool, a fitness center, a community room, elevators, and recent capital improvements. Constructed in 1993 on beautifully landscaped grounds in the highly desirable Apple Valley submarket, Majestic Cove has benefited from consistent ownership reinvestment and meticulous upkeep. Currently 99% occupied with average in-place rents of $1,503 per month, Majestic Cove provides stable cash flow while offering meaningful upside through interior renovations. Interior renovations provide the opportunity to increase rents by an average of approximately $314 per apartment home, as demonstrated by comparable renovated properties in the area.

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.