Investment Overview

Marcus and Millichap as the exclusive listing agent is pleased to present for sale Highland Park, a 77 unit apartment complex located in the charming city of Fridley, MN. Highland Park Apartments is a premier residential community located in the heart of Fridley, MN. Its central location, just off Osborne Road between University and Central Avenues, places it only four minutes away from Interstate 694. The Property is also near two of the largest employers in Fridley, steps away from the Mercy Hospital - Unity Campus and four miles from Medtronic. Its proximity to these major employers make it an excellent housing option for employees, with the current tenant base being largely made up of Medtronic employees. The apartment community offers spacious and modern one, two, and three-bedroom apartment homes that are thoughtfully designed to meet the needs of residents. Additionally, nine of the units are townhome-style, providing an extra level of privacy and a distinct living experience. The units are equipped with premium amenities such as stainless steel appliances, and elegant cabinetry. One of the standout features of Highland Park Apartments is its expansive green space surrounding the property, which provides a serene and peaceful environment for residents to enjoy. The property also offers on-site laundry facilities, providing convenience and flexibility for residents’ busy schedules. The community’s prime location and excellent amenities make Highland Park Apartments a highly desirable place to live in the Fridley area. With an average scheduled rent of $1,153 per month and an excellent 100% occupancy rate, it presents an attractive investment opportunity for those seeking a stable high-yielding asset in this thriving area.