Minneapolis Office

The property is well-maintained and owned by the original developer. 29 of the 150 units are fully renovated with kitchens and bathrooms allowing future ownership to continue in-unit renovations and expand the rent growth potential as the units turn.

Lamplighter Village is ideally located close to McCarrons Park and just minutes away from Como Park with a wide variety of restaurants in walking distance. In addition, the property is close to the Mississippi River, major freeways, public transportation, and both St. Paul and Minneapolis’ Central Business Districts.

Lamplighter Village represents a prime opportunity to acquire a well-maintained asset with strong historical occupancy, using attractive debt options and the potential to significantly reduce property taxes through the St. Paul 4D Program.

A historical building, originally built in 1889 and newly renovated in 2021, Red Mill Apartments is a well-appointed multifamily property featuring spacious (average of 1,322 SF) one, two, three, and four-bedroom units. All units include new kitchens, bathrooms, flooring, concrete patios, mechanicals, and a new roof. The property includes 12-off street parking spaces and in-unit washers and dryers.

The property is located in the Dayton’s Bluff neighborhood, a picturesque and scenic area of town high above the Mississippi with historical and architectural charm. The property is a short walk to the local bus line and ideally situated near Interstates 94 and 35W offering convenient access to all of St. Paul and the Twin Cities.

Red Mill Apartments represent a prime opportunity to acquire a fully-renovated, highly sought after, stabilized property at a significant discount to replacement cost.