CBRE is excited to present Second + Second for sale, a premier multifamily asset in the sought-after North Loop neighborhood. The property has seen extremely high renewal retention year to date, in addition to this, those renewals have been at rents with a 3%-5% increase. Second + Second sits in one of the most dynamic sub-markets in the entire Twin Cities and is recognized nationally as a top renter submarket. The definition of a live-work-and-play location, the asset benefits from an active neighborhood. Located at the intersection of N 2nd St and 2nd Ave N, it is in one of the most accessible pockets of the North Loop, offering easy access to the CBD.
This property is offered free and clear. Future ownership will benefit from the lack of new product in the market and the rent growth being experienced today within the market.
This asset is one of the neighborhood’s most iconic residential buildings due to its unique architecture, pocket plaza, and attention to detail.