Meadowview & Valley Place

For Sale

650 Garfield St E, Anoka, MN 55303

This Anoka property for sale is located at 650 Garfield St E. Contact the listing broker for details on the current sale price for Meadowview & Valley Place. Meadowview & Valley Place is situated on a lot that is 5.92 acre in size.

Contacts

broker
Mox Gunderson
broker
Dan Linnell
broker
Devon Dvorak
broker
Adam Haydon

Property Details

  • Property Type Other
  • Lot Size 5.92 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 20, 2024

Colliers is pleased to present for sale the Meadowview & Valley Place Portfolio, a 131-unit apartment portfolio located in the rapidly growing northwest submarket of Minneapolis, MN.

Investment Highlights

Proven Value-Add Strategy: Valley Place has effectively renovated 61 of the 71 units allowing new ownership to capitalize on the remaining value-add potential

Unmatched Property Performance: The portfolio continues to achieve top of market performance with current occupancy at 97.7%, an average renewal ratio of 82.5%, and an average tenant tenure of 3.6 years.

Pride of Ownership: Current ownership has invested more than $1,700,000 since 2015, ensuring new investors a well-maintained and worry-free portfolio.

Outsized Return Potential: Meadowview & Valley Place offer strong going-in returns with clear rent growth potential at a lower all-in basis than current value-add investors are spending on unrenovated properties.

Sought-After Submarket: The Northwest submarket is widely know as the Twin Cities' Medical Alley and is home to Target's northern campus, Medtronic, Takeda, Olympus, Nilfisk, and Amazon, among many other high-growth companies.

Strong Twin Cities Performance: Minneapolis-St. Paul continue to rank second in the nation in absorption as the market's housing shortage remains at 76,000 units and the development pipeline remains stagnant due to inclusionary zoning, rising labor and material costs, and the increased cost of capital.

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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 27/100

    Walk Score ®

  • 22/100

    Transit Score ®

  • 46/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Anoka, MN
  • Zip Code 55303
  • Market Minneapolis St Paul

Points of Interest

  • Depot

    9.13 miles

  • Kwik Trip

    0.33 miles

  • Speedway

    1.28 miles

  • Anoka Gas Stop

    1.63 miles

  • Costco Gasoline

    1.75 miles

  • Casey's General Store

    2.63 miles

  • 7th Avenue & Garfield

    0.07 miles

  • Anoka Municipal Ramp

    1.00 miles

  • Richardson Park

    1.81 miles

  • Coon Rapids-Riverdale Station

    1.96 miles

  • Riverdale

    2.05 miles

  • South Parking Lot

    2.68 miles

  • North Parking Lot

    2.83 miles

  • West River Rd & 117th Ave

    3.31 miles

  • Horse Camp Trail Access Archery Range

    3.89 miles

  • Ramsey Town Center

    4.24 miles

  • AmericInn by Wyndham Coon Rapids

    1.29 miles

  • Wingate by Wyndham Coon Rapids

    1.32 miles

  • Ticknor Hill Bed & Breakfast

    1.33 miles

  • Pierce Motel

    1.45 miles

  • Regency Inn & Suites

    1.73 miles

  • Comfort Suites

    2.59 miles

  • Home2 Suites

    5.85 miles

  • Hampton

    5.86 miles

  • AmericInn by Wyndham

    7.00 miles

  • Holiday Inn Express & Suites Coon Rapids-Blaine Area

    7.25 miles

  • Walmart

    0.91 miles

  • Cub Foods

    0.94 miles

  • 12 Bridge Square

    1.17 miles

  • ALDI

    1.35 miles

  • Red Barn

    1.51 miles

  • Target

    1.86 miles

  • Harvest African Market

    2.65 miles

  • Walmart Supercenter

    3.31 miles

  • Coborn's Superstore

    4.62 miles

  • Hy-Vee

    6.01 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Meadowview & Valley Place