Properties listed in Townhome

Michel Commercial is pleased to present Jordan Valley Townhomes, a 44 townhome affordable community in Jordan, MN. These well-maintained homes feature spacious layouts, in home laundry, private entries, and attached double garages— offering residents comfort and convenience. Affordability Structure: All 44 townhomes (100%) are designated for residents earning up to 60% of the Area Median Income (AMI) until the Land Use Restriction Agreement (LURA) expires in 2038. Attractive Investment Opportunity: Jordan Valley Townhomes presents a stable investment opportunity with a history of strong occupancy in a high-demand submarket. Additionally, the Low-Income Rental Classification (LIRC) tax rate reduction to 0.25% (effective January 1, 2025) enhances its long-term value, making it a compelling addition to any investment portfolio.

Michel Commercial is pleased to present the North Pointe Townhomes, an 18-townhome, mostly affordable community located in Blaine, MN. These well-maintained townhomes have many recent capital improvements and feature open, spacious layouts, in-home laundry, and attached garages. Affordability Structure The property includes the following components: • Market-Rate: 3 Townhomes • Project Based Vouchers (HAP): 4 Townhomes • HOME HUD (80% AMI): 2 Townhomes • Section 42 LIHTC (60% AMI): 9 Townhomes All affordability designations will remain in effect until the expiration of the Land Use Restriction Agreement (LURA) on March 17, 2033. Prime Location and Lifestyle North Pointe provides easy access to major roadways, offering convenient travel throughout the Twin Cities. The community is close to Blaine’s premier attractions, including: The National Sports Center, TPC Twin Cities golf course, and Bunker Hills Regional Park. Residents benefit from a blend of urban convenience and suburban charm, complemented by excellent schools within the highly regarded Anoka-Hennepin School District, known for its strong academics and extracurricular opportunities. Attractive Investment Opportunity North Pointe Townhomes presents a stable and attractive investment opportunity, boasting a history of strong occupancy and a high-demand location.