2631 Columbus Avenue South
Stabilized 33-Unit Apartment Community
Marketing description
Columbus is a fully stabilized 33-unit apartment community consisting entirely of large one-bedroom units in a prime Minneapolis healthcare corridor. The property benefits from a RUBS program in place, allowing ownership to recover a portion of utility expenses, as well as a majority of units remodeled and major capital improvements already completed, including a brand new roof installed in June 2026. Additional upside exists through potential 4D tax savings, increased parking income from the large rear lot, and storage income opportunities.
For more info and to schedule a property tour please reach out to Rocco Curella - (651) 398-0291
Investment highlights
Fully Stabilized 33-Unit Asset with large one-bedroom units
RUBS in Place for utility reimbursement and improved cash flow
Excellent Healthcare Location near Allina Health, Abbott Northwestern, and major medical employment hubs
4D Potential offers substantial property tax savings upside
Majority of Units Remodeled with updated interior finishes. Large Rear Parking Lot provides additional parking income potential
Brand New Roof installed June 2026. Strong CapEx Profile with major building systems recently improved or in excellent condition
Located within a designated Opportunity Zone, offering potential tax advantages to qualified investors through a Qualified Opportunity Fund structure
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