Kestrel Village

Prior Lake, MN

A 48-unit apartment community located in Prior Lake, Minnesota. The property, which was constructed in 1995, offers tenants spacious 2- and 3-bedroom floor plans.

1995

48

983 SF


Investment Highlights

 

16650 BRUNSWICK AVE SE 

PRIOR LAKE, MN 55372

Kestrel Village is a 48-unit apartment community located in Prior Lake, Minnesota. The property, which was constructed in 1995, offers tenants spacious 2- and 3-bedroom floor plans.

 

Kestrel Village was purchased for roughly $6.3M at 94% occupancy. The property was previously restricted as affordable housing. Midloch plans to perform unit renovations and implement RUBS as part of the value-add plan.


The property is located in a premier suburb 30 minutes south of Minneapolis. The submarket has seen limited new multifamily construction. Due to the strong demand and occupancy, rents have grown by 2.4% over the past 12 months. 

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CONTACT

Tim Donovan

414.795.5849
tim@midloch.com

CONTACT

Gabriella Garcia

312.625.7162
gabriella@midloch.com