Cedars Portfolio

Michel Commercial is pleased to present the Cedars Portfolio, a 54-home community in Bloomington, Minnesota in Hennepin County. Positioned along Old Cedar Avenue S, the portfolio provides investors the opportunity to acquire a well-located asset in one of the Twin Cities’ most desirable suburban submarkets. With strong renter demand, proximity to major employment hubs, and clear potential for interior value-add enhancements, the Cedar Portfolio offers an attractive foundation for both operational stability and long-term income growth. The property’s existing partial RUBS program provides a meaningful opportunity for expense recovery, allowing ownership to significantly reduce its net utility burden. By allocating a large portion of gas, water/sewer, and trash costs back to residents, the portfolio benefits from stronger cash flow and improved year-over-year NOI stability. The properties’ stable neighborhood setting and proximity to everyday conveniences support high tenant retention, reducing turnover costs and contributing to steadier year-over-year financial performance.

Situated near the interchange of I-494, Highway 77, and key transit routes, the Cedar Portfolio offers exceptional access to the broader Twin Cities metro. Residents benefit from proximity to major employment centers including the Minneapolis– Saint Paul International Airport, Mall of America, HealthPartners, Toro, Best Buy, and numerous hospitality and service-sector employers. This strategic location supports consistent renter demand and reinforces the long-term stability of the portfolio.