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Properties listed in Brooklyn Center

Michel Commercial is pleased to present the Avenue Apartments, a 36-apartment home, three-building apartment complex located in Brooklyn Center. This property boasts a history of strong occupancy and features a desirable mix of studio, one-, and two- bedroom units. The kitchens have been renovated throughout, with granite countertops, stainless steel appliances, cherry cabinets, and LVP flooring. Residents enjoy on-site laundry facilities and the convenience of surface parking The Avenue Apartments are just two miles from the heart of Brooklyn Center, a first-ring suburb of the Twin Cities, and the community’s robust community center, library, and primary shopping district. The property is three miles from the banks of the Mississippi River and ten miles from central Minneapolis. Residents appreciate easy access to Interstates 94 and 694. The Avenue Apartments is a turn-key investment opportunity with significant capital improvements (new roofs, newer windows, renovated kitchens) and is poised for continued rent growth. The owners switched management companies, within the last 12 months, and have benefitted from incredible rent growth, a full RUBS (ratio utility billing system) implementation, and an improved resident base. With its convenient location, recent capital improvements, and strong rental upside, this property is an attractive investment opportunity with a solid resident base that is proud to call the Avenue Apartments “home.”

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