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- LoopNet Team
2501 Lowry Ave NE
Saint Anthony, MN 55418
Urban Grove MHC · Land For Sale
·
15.42 AC
Investment Highlights
- Massive Demand for Affordable Housing in Immediate Market
- Direct-Billed Public Utilities
- Great Accessibility to Minneapolis
- Recently Redeveloped Community with Excellent Curb Appeal
- Upside in Filling Vacancy & Below Market Rents with On-Site Amenities Including a Playground, Picnic Area, & Office
- New 2022 Home Inventory
Property Facts
Description
Capstone Manufactured Housing is pleased to present Urban Grove MHC, a recently redeveloped All-Ages community in Minnesota. This community features 100 sites just minutes away from Downtown Minneapolis in the quaint town of St. Anthony. It provides an affordable housing option to residents in the area dealing with the inflated home prices and high apartment rents. With an influx of new home inventory coming in by the end of the year and the major upside in filling vacancy, Urban Grove is unlike any other communities in the area. Current ownership has done extensive renovations and capital improvements to further separate this community from the market competition, including complete road repaving, new utility infrastructure, and cosmetic changes to on-site amenities. Urban Grove also features operational efficiencies in that all utilities are public and direct-billed and showcases below market rents further increasing upside. This offering presents investors with an opportunity to acquire a well-maintained, revitalized community in the Minneapolis MSA, with strong operational characteristics and significant upside.
