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Oak Hills Manor

Oak Hills Manor

820 Civic Heights Dr  /

Property Details

Price:
Property Type Multifamily
Total Lot Size: 1.77
Number of Units: 48
County: Anoka

Description

Michel Commercial is pleased to present Oak Hills Manor Apartments, a 48-home senior apartment community located in Circle Pines, Minnesota. The property offers well-maintained homes designed for senior residents, with convenient amenities including garage parking and laundry facilities on each floor. Oak Hills Manor is situated within a stable North Metro community with close proximity to retail, healthcare services, and everyday conveniences. LOCATION & CONNECTIVITY: Located in Circle Pines within Anoka County, Oak Hills Manor benefits from a well-connected North Metro location. The property is positioned near Highway 10 and Interstate 35W, providing convenient access to Minneapolis, Saint Paul, and surrounding employment centers. Residents are just minutes from grocery stores, restaurants, pharmacies, and retail options in nearby Blaine and Lexington, while local parks and community amenities contribute to a comfortable and accessible living environment. INVESTMENT POTENTIAL: Oak Hills presents a compelling opportunity, having recently exited its affordable housing program and allowing new leases to be set at full market rates— driving immediate revenue upside. The property offers both stable cash flow and strong long-term appreciation potential.

Location

Circle Pines, Minnesota is a well-established suburban community located in Anoka County within the northern Twin Cities metro. Known for its quiet residential neighborhoods, strong community atmosphere, and convenient access to nearby amenities, Circle Pines offers residents a comfortable suburban lifestyle while remaining closely connected to the greater Minneapolis–Saint Paul region. The community’s proximity to retail, healthcare providers, and major transportation corridors makes it an attractive location for residents seeking both convenience and stability. Proximity to Regional Destinations: Circle Pines is strategically located near Interstate 35W and Highway 10, providing efficient access to Minneapolis, Saint Paul, and surrounding suburban employment centers. Residents are also within minutes of the retail and commercial corridors in Blaine and Lexington, which offer grocery stores, restaurants, healthcare providers, and everyday conveniences. Employment Opportunities: The area benefits from proximity to a wide range of employers throughout the North Metro and the broader Twin Cities region. Major employment sectors include healthcare, manufacturing, retail, and professional services. Nearby employment centers include companies and medical providers located in Blaine, Fridley, and the greater Minneapolis area, supporting consistent housing demand across the region. Transportation: Circle Pines offers convenient regional connectivity through Interstate 35W and Highway 10, allowing residents to travel efficiently throughout the Twin Cities metro. Several nearby arterial roadways further enhance accessibility to surrounding communities, retail centers, and employment hubs throughout Anoka County and the North Metro. Outdoor Recreation: Residents enjoy access to a variety of nearby parks, lakes, and outdoor amenities. Circle Pines is located near the Rice Creek Chain of Lakes Park Reserve, which offers miles of trails, lakes, and natural areas for walking, biking, and outdoor recreation. Additional parks and open spaces throughout the community contribute to the area’s relaxed and active suburban lifestyle. Circle Pines provides a stable suburban living environment supported by convenient transportation access, nearby employment opportunities, and a strong sense of community. Its location within the North Metro allows residents to enjoy a quieter residential setting while remaining closely connected to the broader Twin Cities region.

Highlights

Recent Exit From Affordable Housing Program With Strong Upside
The property has recently exited its affordable housing program, allowing new leases to be set at full market rental rates—creating immediate revenue growth potential. Existing residents with leases signed prior to January 1, 2026 are subjected to 60% AMI rent limits through 2028.

Strong Occupancy
Oak Hills Manor Apartments has historically maintained strong occupancy levels driven by steady demand for senior-oriented housing in the surrounding community. The property’s convenient location near healthcare services, retail amenities, and transportation corridors supports a consistent tenant base and stable rental income.

Strong Submarket Fundamentals
The North Metro submarket has moved beyond its recent wave of new deliveries, with supply moderating and vacancy declining from prior peaks. As absorption stabilizes and future development remains limited, the market is returning to balance. This improving supply-demand dynamic positions well-located assets like Oak Hills Manor to benefit from steady renter demand and long-term suburban growth.

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