HERE Minneapolis
2813 4th St SE, Minneapolis, MN, 55414-7583, US
169 eenheden
Beschrijving
Jones Lang LaSalle (JLL) is pleased to present Cottages of Aspen, an exceptional 114-unit, age-restricted (55+), Section 42 community in the thriving Oakdale submarket.
Constructed in 1991 and extensively renovated in 2008, this meticulously maintained asset spans 28 acres directly adjacent to the scenic 40-acre Richard Walton Park. The premier location provides residents an unparalleled living environment while offering convenient access to desirable retail destinations, including the popular Woodbury Lakes shopping district.
This distinguished property is immediately eligible for tax credit re-syndication following acquisition. Limited turnover, extended tenant tenure, and consistently strong occupancy rates underscore the robust resident demand that defines this community. With interiors positioned for a strategic value-add approach, prospective investors will acquire a well-maintained asset with a clear path for enhanced returns and long-term growth.
The investment offers a rare opportunity to acquire an asset with strong demand fundamentals, limited new supply in the submarket, and attractive Fannie Mae assumable financing. JLL is seeking qualified offers to purchase this community, with an anticipated closing date of Q4 2026.
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Kenmerken
Aantal eenheden
114
Bezettingspercentage
96%
Bouwjaar
1991
Renovatiejaar
2008
Verhuurbare oppervlakte
9.253 vierkante meter
Land Area
27.90 Acres
Media
Investeringskenmerken
Trophy 55+ Community with Accretive Fannie Mae Financing
- Large one and two bedroom floor plans with attached garages
- Community spans a 28-acre site directly adjacent to Richard Walton Park
- The asset benefits from a lucrative Fannie Mae loan with 5 years interest only, enabling investors to achieve substantial cash-on-cash returns
- Offered significantly below today’s replacement cost
Attractive Going-In Yield with Upside Potential
- Property benefits from current 4d tax rate boosting cash flow
- Potential to increase revenue through rent increases up to max allowable rent level supported by immediate comps
- Mission opportunity supporting social and economic equality by providing housing to individuals below the 60% annual median income threshold
Rare Twin Cities Suburban Offering
- Located in the thriving Oakdale submarket with excellent connectivity to major employment centers throughout the Twin Cities metro area
- Easy access to Interstate 694 and Highway 36, connecting residents to downtown St. Paul, Minneapolis, and surrounding communities
- Proximity to quality healthcare facilities including HealthEast/M Health Fairview and other medical services catering to senior residents
- Nearby community amenities include additional parks, trails, and recreational facilities that enhance the active senior lifestyle
Contact adviseurs
Cottages of Aspen Oakdale (0 Eigendommen)
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Laatst bijgewerkt
19 mei 2026
