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Edgewater on Cook Lake 7343 Walnut Grove Ln N 58 Unit Apartment Building For Sale Maple Grove, MN 55311
Investment Highlights
- Strongest Single Family Rent Growth in the Country
- 35% Monthly Discount to Homeownership
- Premier Resident Demographics
- Leads the Nation in Forecasted Rent Growth
- Property has Maintained 95% Occupancy
- Fully Amenitized Clubhouse
Executive Summary
CBRE Minneapolis Multifamily is pleased to present Edgewater on Cook Lake. This infill community features 58 newly built luxury rental homes with custom homebuilder-quality construction, expansive floor plans, and premium amenities. Located in Maple Grove, the property offers convenient access to employment centers, shopping, and outdoor recreation, and is situated within one of the metro’s premier school districts.
Edgewater presents a compelling investment opportunity in one of the Twin Cities’ most desirable suburban markets. The area is characterized by affluent and growing demographics, above-average household incomes, and strong population growth driven by quality of life and access to employment.
Edgewater presents a compelling investment opportunity in one of the Twin Cities’ most desirable suburban markets. The area is characterized by affluent and growing demographics, above-average household incomes, and strong population growth driven by quality of life and access to employment.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 58 | Lot Size | 5.95 AC |
| Property Type | Multifamily | Building Size | 150,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Single-Family Home | Year Built | 2023 |
| Sale Type | Investment |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 5.95 AC |
| Building Size | 150,000 SF |
| No. Stories | 2 |
| Year Built | 2023 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Freezer
- Island Kitchen
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Picnic Area
- Pool
- Property Manager on Site
- Grill
- Walking/Biking Trails
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | - | 1,453 |
| 3+2.5 | 19 | - | 2,102 - 2,282 |
| 4+2.5 | 13 | - | 2,234 - 2,259 |
| 4+3.5 | 17 | - | 2,837 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 30-119-22-23-0008 | Improvements Assessment | $398,500 |
| Land Assessment | $53,000 | Total Assessment | $451,500 |
Property Taxes
Parcel Number
30-119-22-23-0008
Land Assessment
$53,000
Improvements Assessment
$398,500
Total Assessment
$451,500
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Edgewater on Cook Lake | 7343 Walnut Grove Ln N
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