About Modi Apartments
Cushman & Wakefield is pleased to present for sale, Modi Apartments, a 75-unit luxury Multifamily asset in the charming Whittier neighborhood of Minneapolis.
Completed in 2018, Modi Apartments feature a variety of floor plans with meticulously designed interiors and an aesthetic both modern & timeless. The property features bright, airy living spaces, high ceilings, stylish finishes, designer flooring, and open kitchens. The property boasts a strong occupancy rate (96%) and is perfectly positioned for significant rent growth as the resurgence in the city of Minneapolis continues to expand.
Located in the middle of the Lowry Hill and Whittier neighborhoods of Minneapolis, Modi Apartments offer direct access to the Hennepin/Lyndale & Hennepin/Franklin corridors, and an eclectic mix of boutique shops, trendy eateries and bars, art galleries, and recreational assets in the neighborhood including Lakes Bde Maka Ska and Isles.
Modi Apartments are a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community for well below replacement costs.
In addition to Modi, two adjacent parcels are available for sale including Mortimer's Restaurant & Bar, located next door to Modi, and a billboard site and duplex apartment complex located on Franklin Ave. See Supplemental OM for details.
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