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Properties listed in Richfield

Michel Commercial is pleased to present the BestPenn Apartments, 21 apartment homes across two, neighboring properties. Located in the first-ring suburb of Richfield, these properties boast a history of strong occupancy and feature 20, one-bedroom units and 1, three-bedroom unit. Residents enjoy on-site laundry facilities and the convenience of surface parking. Centrally located in Richfield, the BestPenn Apartments are minutes from abundant shopping and dining options, including Target, the Southtown Mall, and the Mall of America. With easy access to major highways like Interstate 494 and Interstate 35W, commuting is hassle-free. In addition, nature lovers can relax in nearby parks like Veterans Memorial Park and Wood Lake Nature Center after a busy day. BestPenn is also minutes from the Minneapolis-St. Paul International Airport and only ten miles from Minneapolis. The BestPenn 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 significant rental premiums. With its convenient location and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the BestPenn Apartments “home.”
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