Multifamily

Bell Lofts

816 N 21st Ave, Minneapolis, MN 55411

Listing Price: $2,500,000

Cap Rate
6.55%
Number of Units
25
GRM
6.87
Occupancy
95.00%
Price/Unit
$100,000
Price/Gross SF
$91.03
Gross SF
27,464

Investment Overview

Bell Lofts is a unique historically renovated apartment community, formerly occupied by the Bell Telephone Company. This property offers affordable and convenient living opportunities in North Minneapolis with breathtaking skyline views. Each home features spacious kitchens with new kitchen cabinetry, large closets, high ceilings, large windows, generous living areas, and unique floor plans. Community amenities include an on-site laundry room, off-street parking, and a spacious, secluded area for picnics and outdoor activities.

Bell Lofts is located within a five-minute drive from the North Loop neighborhood with several well-known restaurants, music venues and bars to enjoy. With quick access to Highway 94 and Highway 394, residents can enjoy entertainment opportunities throughout the Twin Cities area. The Shops at West End and a variety of local small businesses are just around the corner. Also within walking distance are multiple grocery stores, niche shops, bus routes, school bus pick-up locations, and the new 800 West Broadway building featuring the North Minneapolis Work Force Center, NorthPoint Health and Wellness Center, and MPS Education Center.

Investment Highlights

  • Off-Street Parking
  • On-Site Laundry
  • Controlled Access
  • 16 Ft Vaulted Ceilings
  • Remodeled Kitchens
  • Large Closets and Windows

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
6.55%
Number of Units
25
GRM
6.87
Occupancy
95.00%
Price/Unit
$100,000
Price/Gross SF
$91.03
Gross SF
27,464

Investment Highlights

  • Off-Street Parking
  • On-Site Laundry
  • Controlled Access
  • 16 Ft Vaulted Ceilings
  • Remodeled Kitchens
  • Large Closets and Windows

Investment Overview

Bell Lofts is a unique historically renovated apartment community, formerly occupied by the Bell Telephone Company. This property offers affordable and convenient living opportunities in North Minneapolis with breathtaking skyline views. Each home features spacious kitchens with new kitchen cabinetry, large closets, high ceilings, large windows, generous living areas, and unique floor plans. Community amenities include an on-site laundry room, off-street parking, and a spacious, secluded area for picnics and outdoor activities.

Bell Lofts is located within a five-minute drive from the North Loop neighborhood with several well-known restaurants, music venues and bars to enjoy. With quick access to Highway 94 and Highway 394, residents can enjoy entertainment opportunities throughout the Twin Cities area. The Shops at West End and a variety of local small businesses are just around the corner. Also within walking distance are multiple grocery stores, niche shops, bus routes, school bus pick-up locations, and the new 800 West Broadway building featuring the North Minneapolis Work Force Center, NorthPoint Health and Wellness Center, and MPS Education Center.

Exclusively Listed By

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