Minneapolis Office

Originally built in 1925, Alden Apartments offers studio and 1-bedroom units with classic brownstone charm paired with modern conveniences. Fully renovated in 2018, all units include updated plumbing, hand tiled bathrooms, and kitchens featuring new stainless steel appliances, hardwood floors, cabinetry, and quartz countertops. In addition, all common area spaces including the kitchen area, fitness center, lounge, and workspace have been fully modernized. The property also includes 3,200 SF of 1st floor commercial space available for lease which can provide the next investor additional revenue.

The property is located in south Minneapolis with North Loop, Loring Park, and downtown Minneapolis all within arm’s reach. It is in close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, the Central Business District, and all Minneapolis has to offer.

OFFERING DETAILS

Alden Apartments is being sold on an “as-is” basis.

The Property is being offered without a formal asking price.

Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the properties, Cushman & Wakefield will schedule a “Call for Offers”.

Tours are now being conducted. Please contact Robert Dulin or Erin Salway directly to set up a tour, which will be scheduled by appointment only.

Newly converted to apartments in 2019, R7 Lofts is a historic, turn-of-the-century building offering oversized one, two, and three- bedroom loft-style luxury units. Each apartment is equipped with SMART technology features, has central air conditioning, custom shades and blinds, a designer lighting package, full-sized washer and dryer, stainless steel appliances, quartz countertops, and modern high tech smart features.

The property also features high-end community amenities including a business center, car wash, fitness center, pet wash, roof deck, rooftop lounge, among others.

R7 is located in the Lowertown/Art’s District of Downtown St. Paul. A vibrant artists' quarter with a Walk Score of 97, residents at R7 Lofts are within walking distance to Lunds & Byerlys, dozens of breweries, restaurants, and CHS field. In addition, the property is close to the Mississippi River, major freeways, public transportation, and both St. Paul and Minneapolis’ Central Business Districts.

R7 Lofts represents a prime opportunity to acquire brand new, high-end apartments at a steep discount to replacement cost.