12 Large 2-bedroom Units | Lowry Hill East

Investment Overview

2007 Aldrich Ave S presents a compelling multifamily investment opportunity in Minneapolis’ highly desirable Lowry Hill East neighborhood. The property features exceptionally large two-bedroom units, offering a differentiated unit mix in one of South Minneapolis’ most established and sought-after rental markets. The asset benefits from its proximity to Uptown, the Chain of Lakes, major highways and interstates, and a wide variety of dining, retail, entertainment, and recreational amenities. With a strong location, oversized floor plans, and potential for continued rental growth, 2007 Aldrich Ave S offers investors an attractive opportunity to acquire a well-positioned South Minneapolis multifamily asset.

Investment Highlights

• 12 spacious 2-bedroom units averaging approximately 1,000 SF
• Large-format floor plans
• Newer kitchen finishes
• Newer mechanical systems
• New roof installed in 2023
• 100% occupied with average in-place rents of approximately $1,457/unit
• Market rents of approximately $1,550/unit, providing potential for continued rental growth
• $133,745 trailing NOI | 7.87% going-in cap rate
• $134,556 Year 1 Pro Forma NOI | 7.92% cap rate
• 9.33% Year 1 projected cash-on-cash return based on modeled financing