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Parkway Gardens Senior 1145 Hudson Rd 160 Unité Immeuble d’appartements À vendre Saint Paul, MN 55106
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Senior Housing Demand
- Exceptional Connectivity
RÉSUMÉ DE L'ANNONCE
Michel Commercial is pleased to present Parkway Gardens Senior Apartments, a 160-home affordable active-adult (55+) community in St. Paul, Minnesota. Built in 2005, this well-maintained property is not subject to rent control and has recently benefited from the change to the Low Income Rental Classification (LIRC) tax rate, resulting in a significant reduction in real estate taxes effective January 1, 2025. Parkway Gardens provides stable in-place income, long-term retention, and a highly accessible location, making it a strong investment opportunity.
Property Overview
Parkway Gardens features homes tailored for active seniors, each with full kitchens, generous storage, walk-in showers, and underground parking. Community amenities include a resident lounge, fitness area, game room, on-site laundry, and outdoor recreation space.
Affordability Structure
The property operates under a Section 42 LURA contract with income and rent restrictions in place until December 29, 2036. Unit allocation includes 10% at 30% Area Median Income (AMI), 10% at 50% AMI, and 80% at 60% AMI.
Location & Connectivity
Conveniently located just off I-94 near Sun Ray Shopping Center, Parkway Gardens provides residents with easy access to retail, groceries, and healthcare. Public transit stops directly outside the property, ensuring mobility and accessibility for non-driving seniors.
Investment Upside
Parkway Gardens offers investors a well-built asset with strong upside potential through improved operations and emerging rent growth. With limited senior housing supply and rising demand for affordable, age-restricted homes, the property is well positioned for durable long-term performance. Additionally, the Low-Income Rental Classification (LIRC) tax rate reduction enhances long-term value, making Parkway Gardens a compelling addition to any portfolio.
Property Overview
Parkway Gardens features homes tailored for active seniors, each with full kitchens, generous storage, walk-in showers, and underground parking. Community amenities include a resident lounge, fitness area, game room, on-site laundry, and outdoor recreation space.
Affordability Structure
The property operates under a Section 42 LURA contract with income and rent restrictions in place until December 29, 2036. Unit allocation includes 10% at 30% Area Median Income (AMI), 10% at 50% AMI, and 80% at 60% AMI.
Location & Connectivity
Conveniently located just off I-94 near Sun Ray Shopping Center, Parkway Gardens provides residents with easy access to retail, groceries, and healthcare. Public transit stops directly outside the property, ensuring mobility and accessibility for non-driving seniors.
Investment Upside
Parkway Gardens offers investors a well-built asset with strong upside potential through improved operations and emerging rent growth. With limited senior housing supply and rising demand for affordable, age-restricted homes, the property is well positioned for durable long-term performance. Additionally, the Low-Income Rental Classification (LIRC) tax rate reduction enhances long-term value, making Parkway Gardens a compelling addition to any portfolio.
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Taille du lot | 4,07 AC |
| Nombre d’unités | 160 | Taille du bâtiment | 212 325 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 92% |
| Sous-type de propriété | Appartement | Nombre d’étages | 5 |
| Style d’appartement | De hauteur moyenne | Année de construction/rénovation | 2005/2012 |
| Classe d’immeuble | B | Ratio de stationnement | 0,94/1 000 pi² |
| Zonage | RM-2 - Résidentiel multifamilial à densité moyenne | ||
| Type de vente | Investissement |
| Nombre d’unités | 160 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Taille du lot | 4,07 AC |
| Taille du bâtiment | 212 325 pi² |
| Occupation moyenne | 92% |
| Nombre d’étages | 5 |
| Année de construction/rénovation | 2005/2012 |
| Ratio de stationnement | 0,94/1 000 pi² |
| Zonage | RM-2 - Résidentiel multifamilial à densité moyenne |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Lave-vaisselle
- Accès Internet à haute vitesse
- Réfrigérateur
- Système de gicleur
- Fourchette
- Bain/Douche
- Walk-in
- Accessible aux fauteuils roulants (chambres)
COMMODITÉS DU SITE
- Centre d’affaires
- Clubhouse
- Cour
- Centre de conditionnement physique
- Installations de lessive
- Gestionnaire d'immeuble sur place
- Certifié Energy Star
- Salles de jeux
- Grill
- Activités sociales planifiées
- Recyclage
- Salles de conférence
- Ascenseur
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 42 | - | 564 - 634 |
| 2+1 | 118 | - | 753 - 813 |
Impôts fonciers
| Numéro de lot | 33-29-22-42-0182 | Évaluation des bâtiments | 30 865 237 $ CAD |
| Évaluation du terrain | 4 516 320 $ CAD | Évaluation totale | 35 381 557 $ CAD |
Impôts fonciers
Numéro de lot
33-29-22-42-0182
Évaluation du terrain
4 516 320 $ CAD
Évaluation des bâtiments
30 865 237 $ CAD
Évaluation totale
35 381 557 $ CAD
CONTACTS
-
Heidi Addo -
Peter Michel -
Phil Reesnes -
Jesse Thurston -
Ukee Dozier -
Michel Commercial Real Estate
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Parkway Gardens Senior | 1145 Hudson Rd
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