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Mounds View

Mounds View

7666 Woodlawn Dr  /

Mounds View

Property Details

Price:
Property Type Multifamily
Total Lot Size: .76
Number of Units: 15
County: Ramsey

Description

Michel Commercial is pleased to present the Mounds View Apartments, a 15-home community located in Mounds, MN. The property features one-, two, and three-bedroom homes that are well-maintained with functional layouts, kitchens, and durable flooring. Residents benefit from on-site parking. The Mounds View Apartments presents a compelling investment opportunity supported by strong in-place cash flow with recent capital improvement. Additionally, the implementation of a RUBS program provides meaningful upside through utility reimbursements, creating an opportunity to increase income while maintaining competitive positioning within the submarket.

Location

Located in the heart of Mounds View, Minnesota, these communities benefit from a highly accessible north metro location. Positioned near Interstate 694 and Highway 10, residents enjoy convenient connectivity to I-35W, I-35E, and major Twin Cities corridors. Everyday amenities— including grocery, dining, and retail along County Road I and Silver Lake Road—are just minutes away, along with nearby employers and parks. Downtown Minneapolis and St. Paul are each approximately 15 miles away, offering a straightforward commute. The location combines strong regional access with the stability of a quiet, residential setting.

Highlights

Strong Submarket Fundamentals
West Ramsey County is a submarket that has moved beyond its recent peak delivery cycle, with new construction activity moderating after a surge of net deliveries in prior years. Vacancy, which increased during that period of elevated supply, is now trending downward and stabilizing closer to long-term averages. With limited new supply forecasted and improving market balance, the submarket is well-positioned to benefit from tightening vacancy and continued renter demand.

Excellent Connectivity Throughout the Metro
Mounds View offers excellent connectivity to the Twin Cities metro thanks to its quick access to major highways like US Highway 10 and Interstate 694. These key routes provide seamless connections to Minneapolis, St. Paul, and surrounding suburbs, allowing for efficient and convenient commuting. Its strategic location along the metro’s highway network makes it an ideal spot for those seeking easy travel throughout the region.

Strong Occupancy
Mounds View Apartments has a strong history of occupancy, delivering consistent and predictable income. Current occupancy stands at a robust 100%, reflecting the sustained demand for quality housing within the Mounds View submarket.

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