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Michel Commercial is pleased to present the Elmwood Properties. This portfolio is a rare offering of 79 units (169 beds) in the Southeast Como neighborhoods, just four blocks away from the University of Minnesota’s East Bank campus. The Elmwood residences have long been an attractive and economical housing option for University of Minnesota students. These properties offer a range of one to five-bedroom units, with fully equipped kitchens, in-unit and on-site laundry facilities, as well as free parking. The Elmwood residences are private, secure, and removed from the congestion and noise of the University’s dorms. All of the properties across this portfolio have strong current and historical occupancy and are "turn-key" with some value add upside potential. The University of Minnesota is just fifteen minutes away on foot or by bike, and residents can catch the Metro Transit bus on the corner for a ride anywhere on campus. The properties are close to convenience and grocery stores, and a number of small businesses, including coffee shops, bars, restaurants, a barber, a dentist, gas stations, and more. The exciting neighborhood of Dinkytown is just minutes away, and downtown Minneapolis is right across the river, offering residents easy access to unique dining options, nightlife, university sports, and more. The Elmwood Apartments present a unique opportunity to own a large number of units in close proximity to the University of Minnesota. These properties can be sold altogether or individually.
$ 32,500,000
The Calhoun Towers Apartments are a 21 story high rise near Lake Calhoun with 108 units. The property has underground parking, a fitness center, a community room, elevators and balconies.
159,159.00 ft2

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