Investment Overview

Marcus & Millichap is pleased to present The Groves Apartments, a 120-unit apartment home community located in Brooklyn Park, Minnesota. The property is being offered for sale on a free-and-clear basis. Constructed in 1967, The Groves Apartments sits on 5.98 acres and features 60 one-bedroom/one-bathroom units at 800 square feet and 60 two-bedroom/one-bathroom units at 1,000 square feet. The apartments feature spacious living areas, private balconies/patios, and in-unit washer/dryers. Community amenities include 120 garage units, off-street parking, leasing office with managers suite, community room, fitness center, and playground. Major points of interest in Brooklyn Park include Elm Creek Park Reserve, one of the largest parks in the metro area, Edinburgh USA Golf course, an 18-hole championship golf course, and Mississippi West Regional Park, located along the Mississippi River offering picturesque views, walking trails, and a boat launch. Furthermore, North Hennepin Community College (NHCC) is a prominent two-year community college located in Brooklyn Park that offers a wide range of academic programs, including associate degrees, certificates, and transfer options in a variety of fields, including liberal arts, health sciences, technology, and more. Brooklyn Park’s mix of recreational, academic, and natural attractions ensures there is something for everyone to enjoy. Brooklyn Park offers a range of opportunities for residents, businesses, and investors. The city’s economy has been steadily expanding over the years, due to its proximity to Minneapolis, and employment opportunities. Its economy is marked by a mix of manufacturing, healthcare, retail, and professional services. Some corporate businesses with headquarters in the city include Cargill Malt, HealthPartners, E.A. Sween Company, and Uponor.