Investment Overview

Eden Park Apartments is a 324-unit multifamily community in Brooklyn Park, MN, professionally owned and managed, and offered at a low cost basis relative to replacement cost. The property features a diverse unit mix of 63 one-bedroom, 180 two-bedroom, and 81 three-bedroom apartments, with spacious floor plans averaging 949 square feet and scheduled rents of $1,380 per month. Ideally positioned on 19.6 acres, Eden Park offers immediate access to Interstates 94 and 694, providing seamless connectivity to downtown Minneapolis, just 15 minutes away. The property includes 570 total parking stalls—379 surface and 191 garage spaces—ensuring ample resident convenience. Over $950,000 in capital improvements have been completed within the past 36 months, including a full renovation of the regional office, common area upgrades, a remodeled management office, new Amazon lockers, and boiler enhancements. Community amenities include a swimming pool with sundeck, fitness center, business center, BBQ area, and a community garden, all contributing to a highly attractive living environment. With minimal new multifamily supply currently on the market in the submarket, Eden Park is well positioned for sustained rent growth. Investors also benefit from in-place assumable financing at a 4.58% fixed rate, maturing in September 2030, with an approximate loan balance of $20 million. Alternatively, the property can be purchased free and clear of debt. Eden Park Apartments represents a rare opportunity to acquire a stabilized, well managed asset with strong fundamentals, recent capital reinvestment, and exceptional access in one of the Twin Cities’ most accessible and supply-constrained corridors.