Tour Schedule coming soon, please contact the listing brokers to be on the list. Nate Schammel: (651)955-4255 — nate@mrgrealtypartners.com Dave Dirkers: (651) 998-9380 — david@mrgrealtypartners.com Luke Hermanson: (651) 428-7814 — luke@mrgrealtypartners.com MRG Realty Partners is pleased to present Riverwood Apartments, a 34-unit multifamily investment opportunity located in Fridley, Minnesota. The property features a stable mix of twenty-four two-bedroom units and ten one-bedroom units, surrounded by seventeen garages and one parking space per unit (34). Constructed in 1968, Riverwood has been maintained by an experienced owner operator and offers immediate value-add potential with future growth opportunities. In-place income is supported by a stable tenant base, with an attractive number of month-to-month leases and long term tenants, allowing for rental upside through renewals and interior upgrades. Average rents across the property remain below market, creating an opportunity to capture growth by repositioning units to modern finishes. Projections show meaningful income increases by bringing month-to-month units to market rents, implementing pet fees, capturing full garage income, and implementing utility chargebacks. The property’s location is framed by the Mississippi River, Park buildings and Stevenson Elementary school giving It a more secluded feel than other rental buildings in the area. A short walk takes tenants right to a picnic area and Chase island river walk; another great demand draw for tenants. While the immediate location feels secluded, Riverwood is strategically located in the heart of Fridley with proximity to major employment corridors and retail amenities. The property is less than one mile from Cub Foods, Wells Fargo, and Sam’s Club, three miles from Northtown Mall, and has multiple schools within 3-4 miles. Investors do not have to navigate rent control or other complicated rental restrictions in Minneapolis / St Paul, or Hennepin / Ramsey counties. Please reach out to our listing team today for more information, financials, 3-D Models, Drone video and more.