Meadowview & Valley Place

650 Garfield St E, Anoka, MN 55303

  • For Sale Contact for pricing
  • Property Type Other
  • Lot Size 5.92 Acre
  • Additional Rent Contact for pricing
  • Date Updated Sep 6, 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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Contacts

broker

Mox Gunderson

broker

Dan Linnell

broker

Devon Dvorak

broker

Adam Haydon

Location

Getting Around

  • Walk Score ®

    27/100 Car-Dependent

  • Transit Score ®

    22/100 Minimal Transit

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Anoka, MN
  • Neighborhood Anoka
  • Zip Code 55303
  • Market Minneapolis St Paul

Points of Interest

  • Depot

    9.13 miles

  • Speedway

    1.28 miles

  • Holiday Gas Station

    1.63 miles

  • Anoka Gas Stop

    1.63 miles

  • Kwik Trip

    1.64 miles

  • Costco Gasoline

    1.75 miles

  • Bill's Superette

    2.76 miles

  • Speedway

    2.99 miles

  • Speedway

    3.64 miles

  • Super America

    3.65 miles

  • Mobil

    3.67 miles

  • 7th Avenue & Garfield

    0.07 miles

  • Anoka Municipal Ramp

    1.00 miles

  • Richardson Park

    1.81 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

  • Zachary Square Park & Ride

    6.12 miles

  • AmericInn by Wyndham Coon Rapids

    1.29 miles

  • Ticknor Hill Bed & Breakfast

    1.33 miles

  • Pierce Motel

    1.45 miles

  • Regency Inn & Suites

    1.73 miles

  • Home2 Suites

    5.85 miles

  • Hampton

    5.86 miles

  • AmericInn by Wyndham

    7.00 miles

  • Holiday Inn Express & Suites Coon Rapids-Blaine Area, an IHG Hotel

    7.25 miles

  • Country Inn & Suites by Radisson, Coon Rapids, MN

    7.33 miles

  • Fairfield Inn

    7.53 miles

  • Pizza Hut

    0.65 miles

  • Leann Chins

    0.98 miles

  • Tavern at Green Haven

    0.98 miles

  • Courtside Bar & Grill

    1.01 miles

  • Casa Rio Tex Mex Restaurant

    1.02 miles

  • Serums

    1.02 miles

  • Eddington's Soup and Salad

    1.04 miles

  • Pizza Man

    1.05 miles

  • Burger King

    1.07 miles

  • Bakers Square

    1.08 miles

  • Wilson Elementary

    0.62 miles

  • Anoka Senior High

    0.90 miles

  • Legacy Christian Academy

    1.82 miles

  • Crooked Lake Elementary School

    1.98 miles

  • Anoka Ramsey Community College-Coon Rapids

    2.91 miles

  • Coon Rapids High School

    3.31 miles

  • Coon Rapids Middle School

    3.47 miles

  • PACT Charter School

    3.84 miles

  • Jackson Middle School

    4.25 miles

  • Oxbow Creek Elementary

    4.28 miles

  • New Horizon Academy

    0.97 miles

  • Little Newtons

    1.90 miles

  • KinderCare

    3.65 miles

  • New Horizon Academy

    3.83 miles

  • New Horizon Academy

    4.45 miles

  • Yellow Brick Road

    5.79 miles

  • Iona Child Care Center

    7.30 miles

  • Radiant Montessori School

    7.62 miles

  • Under the Weathre

    7.83 miles

  • New Horizon Academy

    7.91 miles

Frequently Asked Questions

How much does Meadowview & Valley Place cost?

The sale price for Meadowview & Valley Place is available upon request. Contact the listing broker for more information.

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