Home » Final Asset Sale from our First Fund – A 2.24x Return on Investment

Final Asset Sale from our First Fund – A 2.24x Return on Investment

We are pleased to announce that our first fund is selling its final asset. Investors have already received a 1.94x return on their initial investments in cash. Once proceeds from this final sale are distributed, return is projected to jump to a final 2.24x return.

The Avenue Apartments, a fully renovated 36-unit complex in Brooklyn Center, MN, is now available for purchase. This property is just 10 miles from downtown Minneapolis, providing residents with convenient access to the vibrant amenities and opportunities of the Twin Cities. Featuring recent capital improvements such as new roofs and updated windows, the complex is strategically positioned for continued rent growth with strong rental upside and the potential for further upgrades. With high occupancy rates and significant rent growth, enhanced by recent management improvements and RUBS implementation, The Avenue Apartments present a turn-key investment opportunity with minimal immediate maintenance required.

Brooklyn Center offers excellent investment potential with 40% of households earning more than $100,000 annually and a strong job market supported by major corporations and a thriving entrepreneurial ecosystem in the Twin Cities. For more information and to schedule a tour, please visit Michel Commercial Real Estate.


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