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About
About Northeast Minneapolis Portfolio
Cushman & Wakefield is pleased to present for sale, the Northeast Portfolio, a 35-unit, three-property multifamily portfolio located in the trendy Northeast Minneapolis Neighborhood.
The properties are located throughout Northeast Minneapolis offering direct access to an eclectic mix of hip bars and eateries, breweries, and coffee shops as well as recreational amenities at the Mississippi riverfront and Boom Island with close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, and the Central Business District.
Current ownership has completed extensive renovations of both exterior and interior elements of all three properties over the last several years. All units are “best-in-class” and feature new cabinets, granite countertops, subway tile backsplash, LVT flooring as well as full bathroom remodels that include new tubs, tile, vanity, toilets, and lighting.
The Northeast Portfolio opportunity offers attractive assumable debt at the following terms:
Fannie Mae
Balance: $4,125,000
Interest Rate: 3.17%
Origination Date: 5/1/20
Term: 15 Years
Interest only: 10 Years
Amortization: 30 Years
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