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The Commons of Inver Grove Heights 8213 College Trl 60 Unité Immeuble d’appartements À vendre Inver Grove Heights, MN 55076
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Solid Performance
- Supply-Constrained Submarket
- Excellent Connectivity
RÉSUMÉ DE L'ANNONCE
Michel Commercial is pleased to present The Commons of Inver Grove Heights, a 60-home market-rate community in a high-demand pocket of the Twin Cities’ southeast metro. The property offers a mix of one-, two-, three-, and four-bedroom layouts designed to serve both student (60%) and non-student residents (40%). In select units, student residents and young adults can lease a private bedroom within a shared unit. Select units also feature in-unit laundry, while each building provides ground-floor laundry facilities for added convenience.
Resident Appeal
The Commons features ample surface parking, a quiet, community-oriented setting, and a strong history of occupancy supported by consistent demand. Recent interior renovations include new flooring, LED lighting, stainless steel appliances, and granite countertops. Residents also enjoy modern amenities such as a fitness center, tech center, lounge, and outdoor green spaces with grills and a designated dog area.
Recent Improvements & Operations
Exterior upgrades—including new siding, roofs, and mechanical equipment (boilers, water heaters, etc.)—demonstrate ongoing investment in the property. With its well-maintained condition, minimal capital needs, and solid operational performance. The Commons is positioned for durable long-term returns.
Strong Connectivity and Employment Base
Situated just off Highway 52 and minutes from I-494, The Commons provides easy access to major employment centers in St. Paul and the southern suburbs. Nearby retail, dining, and parks further enhance livability and support tenant retention.
Investment Upside
The Commons delivers reliable cash flow supported by strong occupancy, recent upgrades, and in-unit laundry that sustain long-term renter demand. With in-place rents below comparable properties, efficient operations through an existing Ratio Utility Billing System (RUBS), limited competition for this product type, and minimal new construction in Dakota County, the property is well positioned to provide stable performance and meaningful income growth.
Resident Appeal
The Commons features ample surface parking, a quiet, community-oriented setting, and a strong history of occupancy supported by consistent demand. Recent interior renovations include new flooring, LED lighting, stainless steel appliances, and granite countertops. Residents also enjoy modern amenities such as a fitness center, tech center, lounge, and outdoor green spaces with grills and a designated dog area.
Recent Improvements & Operations
Exterior upgrades—including new siding, roofs, and mechanical equipment (boilers, water heaters, etc.)—demonstrate ongoing investment in the property. With its well-maintained condition, minimal capital needs, and solid operational performance. The Commons is positioned for durable long-term returns.
Strong Connectivity and Employment Base
Situated just off Highway 52 and minutes from I-494, The Commons provides easy access to major employment centers in St. Paul and the southern suburbs. Nearby retail, dining, and parks further enhance livability and support tenant retention.
Investment Upside
The Commons delivers reliable cash flow supported by strong occupancy, recent upgrades, and in-unit laundry that sustain long-term renter demand. With in-place rents below comparable properties, efficient operations through an existing Ratio Utility Billing System (RUBS), limited competition for this product type, and minimal new construction in Dakota County, the property is well positioned to provide stable performance and meaningful income growth.
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Taille du lot | 4,98 AC |
| Nombre d’unités | 60 | Taille du bâtiment | 73 736 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction | 1988 |
| Style d’appartement | Jardin | Ratio de stationnement | 1,63/1 000 pi² |
| Classe d’immeuble | B | ||
| Zonage | MF | ||
| Type de vente | Investissement |
| Nombre d’unités | 60 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | B |
| Taille du lot | 4,98 AC |
| Taille du bâtiment | 73 736 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1988 |
| Ratio de stationnement | 1,63/1 000 pi² |
| Zonage | MF |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Prêt pour le câble
- Lave-vaisselle
- Chauffage
- Ventilateurs de plafond
- Cuisine avec coin repas
- Cuisine
- Accès Internet à haute vitesse
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
- Walk-in
- Tapis
- Foyer
- Salle à manger
- Congélateur
- Espace loft
- Couvre-fenêtres
COMMODITÉS DU SITE
- Accès 24 heures
- Accès contrôlé
- Terrain de jeu
- Gestionnaire d'immeuble sur place
- Service d'emballage
- Entretien sur place
- Services en ligne
- Jumelage de colocataires
- Baux individuels disponibles
- Sans ascenseur
- Détecteur de fumée
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Impôts fonciers
| Numéro de lot | 20-22500-01-010 | Évaluation des bâtiments | 8 986 497 $ CAD |
| Évaluation du terrain | 1 060 553 $ CAD | Évaluation totale | 10 047 050 $ CAD |
Impôts fonciers
Numéro de lot
20-22500-01-010
Évaluation du terrain
1 060 553 $ CAD
Évaluation des bâtiments
8 986 497 $ CAD
Évaluation totale
10 047 050 $ CAD
CONTACTS
-
Phil Reesnes -
Peter Michel -
Heidi Addo -
Jesse Thurston -
Ukee Dozier -
Michel Commercial Real Estate
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The Commons of Inver Grove Heights | 8213 College Trl
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