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Second & Second Apartments 120 2nd St N 158 Unit Apartment Building For Sale Minneapolis, MN 55401
INVESTMENT HIGHLIGHTS
- Strong site level operations
- Premier North Loop address
- Strong submarket fundamentals
EXECUTIVE SUMMARY
CBRE is excited to present Second + Second for sale, a premier multifamily asset in the sought-after North Loop neighborhood. The property has seen extremely high renewal retention year to date, in addition to this, those renewals have been at rents with a 3%-5% increase. Second + Second sits in one of the most dynamic sub-markets in the entire Twin Cities and is recognized nationally as a top renter submarket. The definition of a live-work-and-play location, the asset benefits from an active neighborhood. Located at the intersection of N 2nd St and 2nd Ave N, it is in one of the most accessible pockets of the North Loop, offering easy access to the CBD.
This property is offered free and clear. Future ownership will benefit from the lack of new product in the market and the rent growth being experienced today within the market.
This asset is one of the neighborhood’s most iconic residential buildings due to its unique architecture, pocket plaza, and attention to detail.
This property is offered free and clear. Future ownership will benefit from the lack of new product in the market and the rent growth being experienced today within the market.
This asset is one of the neighborhood’s most iconic residential buildings due to its unique architecture, pocket plaza, and attention to detail.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Building Class | A |
| No. Units | 158 | Lot Size | 0.98 AC |
| Property Type | Multifamily | Building Size | 200,000 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Zoning | B4-N | ||
| Sale Type | Investment |
| No. Units | 158 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.98 AC |
| Building Size | 200,000 SF |
| No. Stories | 6 |
| Year Built | 2020 |
| Zoning | B4-N |
AMENITIES
UNIT AMENITIES
- Balcony
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Walk-In Closets
- Carpet
- Island Kitchen
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Property Manager on Site
- Grill
- On-Site Retail
- Bicycle Storage
- Lounge
- Pet Washing Station
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 124 | - | 597 - 1,021 |
| 2+2 | 30 | - | 1,031 - 1,371 |
| 2+2.5 | 4 | - | 1,481 - 1,949 |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (96)
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Second & Second Apartments | 120 2nd St N
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