612-812-1317
1935 Park Ave, Minneapolis, MN for Sale
Apartments - FOR SALE
1/38
null | Request Cap Rate

1935 Park Ave
Minneapolis, MN 55404
Ventura Village


HIGHLIGHTS

  • Near perfect mixture of units
  • Stable 95% occupancy trending to fully occupied by Q4
  • Strong resident community engagement

OVERVIEW

GJG Commercial-Real Broker presents Park & Franklin Lofts. An exceptional investment opportunity in south Minneapolis' emerging Ventura Village submarket. The newer built property offers the new owner a combination of modern construction quality, stable cash flow, and substantial value-add potential in a rapidly developing urban corridor. With excellent transit connectivity via the Light Rail Blue Line, bike paths, and the bus line, it has proximity to all the area demand drivers of major employment centers. Most notably Abbott Northwestern Hospital, Allina Health, Children’s Hospital, including St. Mary’s University and Minneapolis College Art & Design. The Asset is strategically positioned to capitalize on Minneapolis' continued growth and urban revitalization trends including the new street system along Franklin Avenue which is expected to be completed by 2027. This prime property offers diverse unit configurations from contemporary studios to spacious three-bedroom residences. Strategically positioned in a high-demand submarket, the property capitalizes on Minneapolis's dynamic urban growth. Park & Franklin Lofts combines immediate return potential with long-term value enhancement opportunities, making it an exceptional gateway to one of the region's most promising real estate markets and an attractive addition to any investment portfolio.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

43

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park & Franklin Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,573 SF

ZONING

R6

APN/PARCEL ID

26-029-24-33-0122

ASK ABOUT THIS PROPERTY

Chris MisslingGrant Johnson GroupMore Info
612-812-1317

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Chris MisslingGrant Johnson GroupMore Info
612-812-1317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.