CREEKVIEW APARTMENTS IS A PRISTINE CLASS “C” ASSET IN A PRIME RE-DEVELOPMENT AREA! NUMEROUS UPGRADES THROUGHOUT THE PROPERTY. 26 OF THE 37 APARTMENTS HAVE BEEN FULLY REMODELED! ROOF REPLACED IN 2015, NEW WINDOWS & ENTRY DOORS IN 2016. THIS AREA RECENTLY HAS BEEN HIGHLY SOUGHT AFTER WITH ALL THE NEWER “SHOPPES AT KNOLLWOOD” AND THE METRO GREEN LINE SOUTHWEST LIGHT RAIL TRANSIT. THE BUILDING HAS ROOM TO ADD ANOTHER 38TH UNIT, AN OFFICE, OR RE-PURPOSE THE PROPERTY INTO AN INDEPENDENT SENIOR LIVING FACILITY. CURRENTLY FULLY OCCUPIED TURN-KEY MULTI-FAMILY INVESTMENT OPPORTUNITY!! RENTS AVG. STUDIO $1,087, AVG. 1-BD $1,166, AVG. 2-BD $1,300. CURRENT IN PLACE NET OPERATING INCOME OVER $348,000+ WITH ROOM TO ORGANICALLY RAISE RENTS OVER THE NEXT FEW YEARS IN A NON-RENT CONTROL CITY OF HOPKINS, MN.
