Champlin Portfolio

Michel Commercial is thrilled to introduce the Champlin Portfolio, a unique offering comprising two properties located just 0.6 miles apart. With a total of three buildings and 135 apartment homes, this portfolio presents an exceptional investment opportunity. The Riverview Estates and the Sunset Apartments are for sale for the first time in over 20 years and can be sold together or separately. These properties feature a desirable mix of one-, two-, and three-bedroom units as well as community amenities that include surface and garage parking, along with convenient on-site laundry facilities. Additionally, the Riverview Estates offers a spacious community room, an indoor pool, and an outdoor playground. The north-facing units, at Riverview, notably boast scenic river views. Nestled in the vibrant suburb of Champlin, this portfolio offers convenient living just minutes from downtown Champlin and a quick stroll from the newly revitalized Mississippi Crossings community area. With easy access to US Route 169 for seamless commuting, residents also enjoy proximity to strong job markets, diverse dining options, shopping, and entertainment. Additionally, Elm Creek Park and Mercy Hospital are just a few miles away, providing further convenience and accessibility. This portfolio presents a prime value-add investment opportunity, strategically positioned to capitalize on remarkable rental upside through attractive interior upgrades. Situated in a high-demand submarket that has been historically supply constrained, the area is currently experiencing robust rent growth. Moreover, there's been a noticeable demographic shift towards higher-income earners, driving demand for renovated and modernized properties. This offering provides investors with a unique chance to leverage these exceptionally well-located apartment communities that offer immediate upside potential.

Champlin, MN, is a charming suburban city located approximately 20 miles northwest of downtown Minneapolis. Nestled along the banks of the Mississippi River, Champlin offers a blend of scenic natural beauty and a close-knit community atmosphere. Here are the benefits to living in Champlin: Proximity to Minneapolis: Champlin is conveniently located about 20 miles northwest of downtown Minneapolis. This proximity allows residents to enjoy the amenities and job opportunities of a major metropolitan area while living in a more suburban, relaxed environment. Parks and Recreation: Champlin boasts an extensive park system with over 300 acres of parkland and numerous recreational facilities. Elm Creek Park Reserve, one of the largest parks in the Twin Cities area, offers a range of outdoor activities such as hiking, biking, swimming, and winter sports. Quality Education: Champlin is part of the Anoka-Hennepin School District, one of the largest and highly regarded school districts in the state. The district provides excellent educational opportunities, with several schools recognized for their academic achievements and extracurricular programs. Community and Family-Friendly Atmosphere: Champlin is known for its strong sense of community and family-friendly environment. The city hosts numerous events and activities throughout the year, such as the Father Hennepin Festival, which includes fireworks, parades, and various familyoriented activities. Champlin, is a great place to live for those seeking a familyfriendly, community-oriented environment with good schools, ample recreational opportunities, and proximity to a major metropolitan area.