The Kingston Green

Michel Commercial is pleased to present Kingston Green, a well-maintained 343-home apartment community located in the heart of Apple Valley, Minnesota, in Dakota County. The four-story property features spacious one-, two-, and three-bedroom apartment homes averaging 1,282 square feet, with in-unit washers and dryers, central air, walk-in closets, private patios or balconies (many oversized), vaulted ceilings in fourth-floor homes, and both underground and surface parking. Residents also enjoy an extensive amenity package that includes indoor and outdoor swimming pools, a playground, a sauna and whirlpool, a fitness center, a community room, elevators, and recent capital improvements, including a new roof completed in 2021. Constructed in 2000 on expansive, beautifully maintained grounds, Kingston Green has benefited from consistent ownership reinvestment and meticulous upkeep. Significant capital improvements, including newer roofs, have positioned the property in excellent physical condition with limited near-term capital needs. Currently 99% occupied and achieving average in-place rents of $1,735 per month, Kingston Green provides stable cash flow while offering meaningful upside through interior renovations. Interior renovations provide a clear opportunity to increase average rents by approximately $324 per apartment home. Additional upside exists through monetizing the property’s 343 underground parking stalls, which are currently included in the rent.

Kingston Green is ideally located in Apple Valley, an established Twin Cities suburb offering residents convenient access to major employment centers, shopping, dining, and MN-77. Supported by strong regional demographics, a diverse employment base, and limited new multifamily supply, the property is well positioned for long-term occupancy and continued rent growth. Combined with its spacious floor plans, extensive amenity package, and value-add potential, Kingston Green offers investors the opportunity to acquire a stable suburban asset with durable cash flow and meaningful long-term upside.