The Loon
Multifamily | 6.84% CAP | 12 Units
Marketing description
The Loon is a 12-unit apartment community ideally located in the heart of Hopkins, one of the Twin Cities' most desirable first-ring suburbs. Positioned just steps from the vibrant Downtown Hopkins Mainstreet district, the property offers residents convenient access to an array of restaurants, breweries, coffee shops, retail, parks, and entertainment. Its central location also provides quick access to Highway 7, Highway 169, Interstate 394, and several of the region's largest employment hubs.
The property presents investors with the opportunity to acquire a well-located multifamily asset in a market supported by strong renter demand, excellent neighborhood amenities, and long-term growth fundamentals. Whether an investor is seeking stable cash flow, future rent growth, or a long-term hold in a proven submarket, The Loon offers an attractive combination of location, accessibility, and investment potential.
Discover the vibrant community surrounding the property in Hopkins, MN. Enjoy the convenience of being within walking distance to charming local shops, delicious dining options, and beautiful parks. With easy access to major highways and public transportation, residents can explore nearby attractions like the Minnetonka Center for the Arts and the historic downtown area. Investors seeking a prime location with strong appeal to multifamily and high-rise residents will appreciate the area's bustling atmosphere and close proximity to city amenities. In this thriving neighborhood, the property offers an excellent investment opportunity with the promise of a dynamic urban lifestyle.
Investment highlights
- 12-unit apartment community in the highly desirable Hopkins submarket
- Prime location just blocks from Downtown Hopkins Mainstreet
- Strong rental demand supported by a high-barrier-to-entry market
- Walkable to restaurants, breweries, shopping, parks, and entertainment
- Convenient access to Highway 7, Highway 169, Interstate 394, and Downtown Minneapolis
- Value-add opportunity through minor cosmetic unit renovations and continued rental growth
- Projected Year-1 NOI of $92,383, representing a 6.84% cap rate
- Individually controlled HVAC systems for each unit, reducing maintenance responsibilities and improving tenant convenience
- Desirable unit mix featuring six 1-bedroom/1-bath units and six 2-bedroom/1-bath units
- Thirteen on-site parking spaces, complemented by ample city-owned parking directly in front of the property
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