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Properties listed in Champlin

Michel Commercial is thrilled to introduce the Champlin Portfolio, a unique offering comprising two properties located just 0.6 miles apart. With a total of three buildings and 135 apartment homes, this portfolio presents an exceptional investment opportunity. The Riverview Estates and the Sunset Apartments are for sale for the first time in over 20 years and can be sold together or separately. These properties feature a desirable mix of one-, two-, and three-bedroom units as well as community amenities that include surface and garage parking, along with convenient on-site laundry facilities. Additionally, the Riverview Estates offers a spacious community room, an indoor pool, and an outdoor playground. The north-facing units, at Riverview, notably boast scenic river views. Nestled in the vibrant suburb of Champlin, this portfolio offers convenient living just minutes from downtown Champlin and a quick stroll from the newly revitalized Mississippi Crossings community area. With easy access to US Route 169 for seamless commuting, residents also enjoy proximity to strong job markets, diverse dining options, shopping, and entertainment. Additionally, Elm Creek Park and Mercy Hospital are just a few miles away, providing further convenience and accessibility. This portfolio presents a prime value-add investment opportunity, strategically positioned to capitalize on remarkable rental upside through attractive interior upgrades. Situated in a high-demand submarket that has been historically supply constrained, the area is currently experiencing robust rent growth. Moreover, there's been a noticeable demographic shift towards higher-income earners, driving demand for renovated and modernized properties. This offering provides investors with a unique chance to leverage these exceptionally well-located apartment communities that offer immediate upside potential.
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