Arden Flats

Michel Commercial is pleased to present the Arden Flats, a 60-home community in Arden Hills, Minnesota in Ramsey County. The property offers a mix of spacious one-, two-, and three-bedroom homes. Each residence at Arden Flats features modern finishes— stainless steel appliances, granite countertops, and custom cabinetry—along with full-size washers and dryers, private balconies, spacious walk-in closets, and heated underground parking for every resident. Supply-Constrained Submarket The Arden Hills submarket is characterized by limited new deliveries and steady renter demand, keeping vacancy near stabilized levels. With minimal construction in the pipeline and strong absorption trends, existing assets like Arden Flats are positioned to benefit from consistent occupancy and continued rent growth. Investment Upside Arden Flats presents investors with a high-quality, market-rate asset with 4 affordable units supported by strong submarket fundamentals. With stabilized occupancy, modern finishes, and extensive community amenities, the property is positioned to capture continued rent growth. Limited new supply in the surrounding area and a strong local employment base further enhance long-term v alue and performance.

Strong Connectivity and Employment Base: Situated near I-35W and I-694, Arden Flats offers residents quick access to both Minneapolis and St. Paul while maintaining a serene suburban lifestyle. The property is supported by a robust employment base anchored by major regional employers such as Land O’Lakes, Boston Scientific, Bethel University, and Medtronic, along with strong healthcare, education, and corporate sectors throughout the Twin Cities.