Park Villas Apartments

Jones Lang LaSalle (JLL) proudly presents Park Villas, a top-tier apartment community located on the border of Waite Park and Saint Cloud, Minnesota. This unique asset, constructed in 1991 and extensively renovated in 2008, offers astute investors an unmatched and irreplaceable investment opportunity with an attractive going-in yield.

Park Villas is a 55+ community with one-story cottage-style units and two-story townhome apartments featuring private garages and a community room with a leasing office. This premier asset is strategically located adjacent to the largest commercial and shopping district in the region, providing convenient access for residents. Additionally, the property is proximate to some of the region's major employment drivers, including St. Cloud State University, CentraCare Health Systems, St. Cloud VA Health Care System, and is minutes away from Crossroads Center, a regional shopping mall home to more than 100 retailers including Target, Macy's, and Scheels.

Park Villas is poised for a tax credit re-syndication and mark-to-market following acquisition. The property is located in a qualified census tract, providing investors an additional basis boost upon renovation. The limited turnover, extended tenant tenure, and outstanding occupancy rates all demonstrate the robust demand from residents. Significant capital improvements by current ownership have positioned Park Villas for sustained growth, offering a well-maintained foundation for future value enhancement.

This distinguished community presents a rare opportunity for investors to acquire a stabilized, cash-flowing asset with immediate value-add potential. JLL invites qualified investors to submit offers for this exceptional opportunity, targeting a closing in Q3 2025.