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Properties listed in Crystal

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Michel Commercial is pleased to present the Barcelona Apartments, a 71-unit apartment complex situated in Crystal, Minnesota. Built in 1972 and nestled amidst a picturesque tree-line and well-established neighborhood, the Barcelona Apartments has a desirable unit mix (made up of mostly one- and two- bedroom units) with spacious floor plans and delightful screened-in porches. There are laundry facilities conveniently located on each floor along with ample surface parking and covered parking options (69 garage stalls). Convenience is a hallmark of the Barcelona Apartments’ location. Situated less than two miles from Cub Foods and a mere 2.5 miles from Hy-Vee Grocery, residents can easily access their daily necessities. Additionally, Bassett Creek Park is only a short five-minute drive away, offering a tranquil retreat. The proximity of both Medicine Lake and Theodore Wirth National Park, both within a ten-minute drive, provides ample opportunities for outdoor activities and exploration. For those who require access to major transportation routes, Barcelona Apartments offers easy proximity to U.S. Route 169 and Minnesota State Highway 100. Moreover, the property is conveniently located ten miles from downtown Minneapolis, ensuring a swift commute. The Barcelona Apartments is a value-add investment opportunity and is well-positioned for rental upside through interior upgrades. Many of the neighboring properties have been renovated and are achieving rental premiums of $200 to $300 per unit per month from those upgrades. With its convenient location, scenic setting, and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the Barcelona Apartments “home.”
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