The Avenue Apartments

Michel Commercial is pleased to present the Avenue Apartments, a 36-apartment home, three-building apartment complex located in Brooklyn Center. This property boasts a history of strong occupancy and features a desirable mix of studio, one-, and two- bedroom units. The kitchens have been renovated throughout, with granite countertops, stainless steel appliances, cherry cabinets, and LVP flooring. Residents enjoy on-site laundry facilities and the convenience of surface parking The Avenue Apartments are just two miles from the heart of Brooklyn Center, a first-ring suburb of the Twin Cities, and the community’s robust community center, library, and primary shopping district. The property is three miles from the banks of the Mississippi River and ten miles from central Minneapolis. Residents appreciate easy access to Interstates 94 and 694. The Avenue Apartments is a turn-key investment opportunity with significant capital improvements (new roofs, newer windows, renovated kitchens) and is poised for continued rent growth. The owners switched management companies, within the last 12 months, and have benefitted from incredible rent growth, a full RUBS (ratio utility billing system) implementation, and an improved resident base. With its convenient location, recent capital improvements, and strong rental upside, this property is an attractive investment opportunity with a solid resident base that is proud to call the Avenue Apartments “home.”

Brooklyn Center is a suburban city located in Hennepin County, just northwest of downtown Minneapolis. The city is known for its diverse population, with residents hailing from various cultural and ethnic backgrounds, contribution to a rich tapestry of traditions, languages, and cuisines. Here are the benefits to living in Brooklyn Center: Proximity to Minneapolis: Brooklyn Center is located just northwest of Minneapolis, providing easy access to the amenities, cultural attractions, and job opportunities of a major metropolitan area while still offering a quieter suburban lifestyle. Accessible Transportation: Brooklyn Center benefits from its proximity to major transportation routes. Interstates such as I-94 and I-694 provide convenient access to the Twin Cities, making commuting and traveling within the region efficient. Additionally, Metro Transit operates bus services throughout Brooklyn Center allowing easy commutes for residents. Diverse Community: Brooklyn Center is known for its diversity, with residents from various cultural and ethnic backgrounds. This diversity enriches the community and creates opportunities for cultural exchange and understanding. Parks & Recreation: The city offers several parks and trails for residents and visitors to enjoy outdoor recreation. Some notable parks include: Central Park, Palmer Lake Park, Twin Lakes Regional Trail, and North Mississippi Regional Park. These parks and trails in Brooklyn Center provide residents with opportunities to enjoy nature, stay active, and explore the beauty of the surrounding landscape. Quality Education: The City is served by the Brooklyn Center Community Schools District, which includes a range of education opportunities from early childhood programs to high school. There are also options for higher education nearby, including North Hennepin County College, Hennepin Technical College, University of Northwestern-St. Paul, and University of Minnesota Twin Cities.