Green Acres & Country View

This offering presents a unique opportunity to acquire a joining two-property multifamily portfolio in the East Grand Forks, MN. The portfolio comprises Green Acres Apartments, a 1977 vintage 149-unit value-add opportunity with significant upside potential through a comprehensive renovation program, and Country View Apartments, a stabilized and modern 2017-built asset featuring spacious units and attractive amenities. Together, these properties offer investors a compelling combination of value creation and stable cash flow in the East Grand Forks market.

Green Acres Investment Highlights:
SIGNIFICANT VALUE-ADD OPPORTUNITY: A comprehensive renovation program targeting all 149 units presents a compelling opportunity to modernize interiors, enhance the property’s appeal, and significantly increase rental income.
HIGH ROI POTENTIAL: Projected ROI of over 17% from the unit renovation program, driven by achievable rent increases upon completion of upgrades.
MODERNIZED UNIT INTERIORS:  Planned upgrades, including new cabinetry, countertops, flooring, appliances, and fixtures, will elevate the property’s aesthetic and attract a wider range of tenants seeking contemporary living spaces.
ENHANCED COMPETITIVE ADVANTAGE: The renovation program will position Green Acres Apartments favorably against competing properties in the market, potentially leading to increased occupancy rates and tenant retention.
STRONG LOCATION WITH UPSIDE: Proximity to Northland Technical and Community College provides a built-in tenant base and reduces
vacancy risk.

Country View Investment Highlights: 
MODERN ASSET: Constructed in 2017, Country View Apartments offers a contemporary, well-maintained property with strong appeal to today’s renters.
PREMIUM UNITS: Spacious two and three-bedroom floor plans feature in-unit washers and dryers, stainless steel appliances, and private entries, commanding higher rental rates.
ATTRACTIVE AMENITIES: A comprehensive amenity package, including a fitness center, pool, and racquetball court, enhances resident satisfaction and supports premium rental rates.
STABLE OCCUPANCY:  The property’s desirable location near campus and its modern features contribute to high occupancy rates and consistent cash flow.
TURNKEY INVESTMENT: Country View presents a stabilized asset with professional on-site management, minimizing operational burdens for investors.