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FreeBloom Apartments

FreeBloom Apartments

8350 Fremont Ave S  /

Property Details

Property Type Multifamily
Total Lot Size: 1.05 Acres
Year Built: 1962
Number of Units: 12
Garages: 8
County: Hennepin


Michel Commercial is pleased to present the FreeBloom Apartments, 12 apartment homes located in the desirable suburb of Bloomington. This property boasts a history of strong occupancy and features all two-bedroom units. Residents enjoy on-site laundry facilities and the convenience of garage and surface parking. The FreeBloom Apartments is located in Bloomington, MN, and its residents appreciate easy access to a range of community amenities. Shopping options abound, with Southtown Shopping Center nearby and the renowned Mall of America just a short drive away. Dining options cater to diverse tastes, ensuring something for everyone. Major highways like Interstate 494 and Interstate 35W provide quick connections throughout the metro. In addition, nature enthusiasts enjoy the nearby parks such as Hyland Lake Park Reserve for outdoor activities and relaxation. The FreeBloom 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 FreeBloom Apartments “home.”


Located in Hennepin County, Richfield stands as a vibrant subruban gem within the Minneapolis-St. Paul metropolitan area. With its strategic position near major highways and the MSP Int’l Airport, Richfield boasts traveling convenience with suburban living. Richfield offers the perfect blend of suburban tranquility and urban convenience for the following reasons: Proximity to Minneapolis: Richfield’s close proximity to Minneapolis provides residents with easy access to the amenities and cultural offerings of a major metropolitan area. This includes employment opportunities, dining, shopping, entertainment, and cultural attractions. Quality Schools: Richfield is served by the Richfield Public School District, which includes several highly rated schools. The district is committed to providing quality education and innovative learning opportunities for students, making it an attractive option for families with children. Transportation: Richfield is well-connected to the greater Minneapolis-St. Paul area via major highways and public transportation options, including bus routes and light rail transit. This makes commuting to work or exploring the region convenient for residents. Convenient Amenities Richfield offers a wide range of amenities, including shopping centers, grocery stores, restaurants, and healthcare facilities, making it convenient for residents to access essential goods and services within the city. Parks and Recreation Richfield boasts numerous parks, green spaces, and recreational facilities where residents can enjoy outdoor activities such as walking, biking, picnicking, and sports. The city’s parks department also offers programs and events for people of all ages. Overall, living in Richfield offers a balanced blend of urban convenience, community engagement, and recreational opportunities, making it an attractive place to call home.


Turn Key Investment

• Market-Rate Rents
• Strong Occupancy
• Desirable Unit Mix
• Solid In-Place Income

Premier Location

• Top-Rated Bloomington Schools
• Easy access to Interestate 35W and Interstate 494
• Minutes from the Mall of America
• Minutes from MSP Int’l Airport

Capital Improvements

• 7 units renovated

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