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8585 NE Groveland Ct
Blaine, MN 55449
Glenfield Park Estates · Multifamily Property For Sale
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152 Units
Investment Highlights
- Glenfield Park is demonstrating exceptional market performance, achieving a remarkable 96.7% occupancy rate within just 10 months of completion.
- The city of Blaine has experienced over 20% population growth since 2010, driven by its desirable qualities.
- There is an opportunity for new ownership to expand the implementation of the Resident Utility Billing System (RUBS).
- This swift lease-up underscores the property’s strong appeal and strategic positioning, solidifying its status as a top performer in the market.
- Glenfield Park presents a significant opportunity for immediate income growth through the introduction of garage parking fees.
- Glenfield Park epitomizes suburban, luxury living with its resort-style amenities.
Property Facts
| No. Units | 152 | Lot Size | 4.15 AC |
| Property Type | Multifamily | Building Size | 152,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | B | Parking Ratio | 0.46/1,000 SF |
| Zoning | DF - 02 - Apartments | ||
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 4.15 AC |
| Building Size | 152,000 SF |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | DF - 02 - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Refrigerator
- Range
Site Amenities
- Clubhouse
- Fitness Center
- Playground
- Pool
- Media Center/Movie Theatre
- Storage Space
- Elevator
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 82 | - | 730 - 775 |
| 2+2 | 70 | - | 985 - 1,116 |
Property Taxes
| Parcel Number | 33-31-23-33-0042 | Improvements Assessment | $15,394,700 |
| Land Assessment | $1,054,500 | Total Assessment | $16,449,200 |
Property Taxes
Parcel Number
33-31-23-33-0042
Land Assessment
$1,054,500
Improvements Assessment
$15,394,700
Total Assessment
$16,449,200
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