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Acquired in November 2023, this 11-unit apartment complex exemplifies modern elegance through extensive renovations. This value-add opportunity was seized at a 60% vacancy rate, due to unfinished construction left by the previous owner. Within months of closing, we completed all renovations and achieved a 100% occupancy rate with a waiting list. Nine out of eleven units have been meticulously remodeled down to the studs, offering over 900 sq ft of stylish living space. The transformation includes LVP flooring, contemporary kitchens with quartz countertops, stainless steel appliances, and chic subway tile backsplashes. The remaining two units were also extensively remodeled, maintaining the existing kitchen cabinets for cost efficiency. Ideally located near I-35W and essential amenities, this property is a prime example of our strategy for high-quality, cash-flowing real estate investments intended for long-term hold.​

Fernbrook

Bloomington, MN - 11 Units

Acquired in November 2023, this 11-unit apartment complex exemplifies modern elegance through extensive renovations. This value-add opportunity was seized at a 60% vacancy rate, due to unfinished construction left by the previous owner. Within months of closing, we completed all renovations and achieved a 100% occupancy rate with a waiting list.

Nine out of eleven units have been meticulously remodeled down to the studs, offering over 900 sq ft of stylish living space. The transformation includes LVP flooring, contemporary kitchens with quartz countertops, stainless steel appliances, and chic subway tile backsplashes.

The remaining two units were also extensively remodeled, maintaining the existing kitchen cabinets for cost efficiency. Ideally located near I-35W and essential amenities, this property is a prime example of our strategy for high-quality, cash-flowing real estate investments intended for long-term hold.​

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