Properties listed in Burnsville

Michel Commercial is pleased to present Carrington Court, a well-maintained 192-home apartment community located in Burnsville, Minnesota, in Dakota County. The threestory property features spacious one-, two-, and threebedroom 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 third-floor homes, and detached garage and surface parking. Residents also enjoy an extensive amenity package that includes indoor and outdoor swimming pools, outdoor basketball court and sand volleyball court, a sauna and whirlpool, a fitness center, a community room, elevators, and recent capital improvements, including a new roof completed in 2020. Constructed in 1992 on expansive, beautifully maintained grounds, Carrington Court 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 $1,486 per month, Carrington Court provides stable cash flow while offering meaningful upside through interior renovations. Interior renovations provide the opportunity to increase rents by an average of approximately $280 per apartment home, as demonstrated by comparable renovated properties in the area.