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Parkway Gardens Senior 1145 Hudson Rd Immeuble residentiel 160 lots À vendre Saint Paul, MN 55106

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Certaines informations ont été traduites automatiquement.

Informations principales sur l'investissement

Senior Housing Demand
Built in 2005 and well maintained; five-story elevator-served buildings

Exceptional Connectivity
Located just off I-94 with direct access to public transit, retail, healthcare, and parks

Résumé analytique

Michel Commercial is pleased to present Parkway Gardens Senior Apartments, a 160-home affordable active-adult (55+) community in St. Paul, Minnesota. Built in 2005, this well-maintained property is not subject to rent control and has recently benefited from the change to the Low Income Rental Classification (LIRC) tax rate, resulting in a significant reduction in real estate taxes effective January 1, 2025. Parkway Gardens provides stable in-place income, long-term retention, and a highly accessible location, making it a strong investment opportunity.
Property Overview
Parkway Gardens features homes tailored for active seniors, each with full kitchens, generous storage, walk-in showers, and underground parking. Community amenities include a resident lounge, fitness area, game room, on-site laundry, and outdoor recreation space.
Affordability Structure
The property operates under a Section 42 LURA contract with income and rent restrictions in place until December 29, 2036. Unit allocation includes 10% at 30% Area Median Income (AMI), 10% at 50% AMI, and 80% at 60% AMI.
Location & Connectivity
Conveniently located just off I-94 near Sun Ray Shopping Center, Parkway Gardens provides residents with easy access to retail, groceries, and healthcare. Public transit stops directly outside the property, ensuring mobility and accessibility for non-driving seniors.
Investment Upside
Parkway Gardens offers investors a well-built asset with strong upside potential through improved operations and emerging rent growth. With limited senior housing supply and rising demand for affordable, age-restricted homes, the property is well positioned for durable long-term performance. Additionally, the Low-Income Rental Classification (LIRC) tax rate reduction enhances long-term value, making Parkway Gardens a compelling addition to any portfolio.

Parkway Gardens Offering Memorandum

Informations sur l’immeuble Sous contrat

Type de vente	Investissement	Surface du lot	1,65 ha
Nb de lots	160	Surface de l’immeuble	19 726 m²
Type de bien	Immeuble residentiel	Occupation moyenne	90%
Sous-type de bien	Appartement	Nb d’étages	5
Style d’appartement	De hauteur moyenne	Année de construction/rénovation	2005/2012
Classe d’immeuble	B	Ratio de stationnement	0,09/1 000 m²
Zonage	RM-2 - Medium-Density Multiple-Family Residential

Type de vente	Investissement
Nb de lots	160
Type de bien	Immeuble residentiel
Sous-type de bien	Appartement
Style d’appartement	De hauteur moyenne
Classe d’immeuble	B
Surface du lot	1,65 ha
Surface de l’immeuble	19 726 m²
Occupation moyenne	90%
Nb d’étages	5
Année de construction/rénovation	2005/2012
Ratio de stationnement	0,09/1 000 m²
Zonage	RM-2 - Medium-Density Multiple-Family Residential