Park & Franklin Lofts represents an exceptional investment opportunity in Minneapolis' emerging Ventura Village submarket. This 43-unit, newly constructed (2021) apartment building offers investors a rare combination of modern construction quality, stable cash flow, and substantial value-add potential in a rapidly developing urban corridor. With excellent transit connectivity via the Light Rail Blue Line and proximity to major employment centers including the University of Minnesota, the asset is strategically positioned to capitalize on Minneapolis' continued growth and urban revitalization trends.
Investment Highlights
Discover the lucrative investment potential of Park & Franklin Lofts in Minneapolis's thriving market. This prime property offers diverse unit configurations from contemporary studios to spacious three-bedroom residences, creating multiple revenue streams across different market segments. Strategically positioned in a high-demand submarket, the property capitalizes on Minneapolis's dynamic urban growth and strong rental demand. Park & Franklin Lofts combines immediate return potential with long-term value enhancement opportunities, making it an exceptional gateway to one of the region's most promising real estate markets and an attractive addition to any investment portfolio.
Significant Value-Add Potential
Current NOI of $429,000 with pro forma NOI of $585,084 (36% upside).
RUBS implementation opportunity: $64,644 additional annual revenue potential.
Below-market rents provide 15-20% rent optimization upside across all unit types.
Debt coverage ratio improving from 1.35 to 1.84.
Modern Asset & Strong Operations
2021 construction minimizes near-term capital requirements with secure package delivery and garage parking.
Premium finishes including stainless steel appliances and hardwood flooring.
Stable 95% occupancy with expense ratio improving from 41.83% to 35.67%.
43 units across diverse mix: Studios, 1BR, 2BR, and 3BR serving broad tenant base.
Strategic Location & Connectivity
Light Rail Blue Line access to downtown Minneapolis, airport, and Mall of
America.
Proximity to major employers: University of Minnesota (18,000
employees) and Target Corporation (10,000 employees).
Growing demographics with rising household incomes across trade area.
Location Summary
Park & Franklin Lofts is strategically positioned at 1935 Park Avenue in Minneapolis' Ventura Village neighborhood, offering residents excellent connectivity to major employment centers and urban amenities. The property sits within a thriving economic ecosystem anchored by significant employers including the University of Minnesota (18,000 employees), Target Corporation (10,000 employees), and multiple healthcare systems totaling over 40,000 jobs within the immediate vicinity.
The location provides exceptional transportation access with the Light Rail Blue Line having a dedicated stop in Ventura Village, connecting residents directly to downtown Minneapolis, the airport, and Mall of America. Major highways and arterials ensure convenient automobile access to the broader Twin Cities metropolitan area. The neighborhood benefits from proximity to established retail corridors, dining options, and recreational facilities including nearby parks and green spaces.
Demographics within the trade area show strong fundamentals with a growing population base - 1-mile radius population projected to grow from 57,480 in 2025 to 58,662 by 2030. The area attracts a diverse mix of young professionals, with significant populations in the 25-44 age groups who represent the core apartment rental demographic. The location's urban character combined with relative affordability makes it attractive to renters seeking accessibility without premium downtown pricing.
