Greenway Heights

Discover the vibrant allure of the Greenway Heights neighborhood in Minneapolis, MN. Located within close proximity to the property, this thriving area offers a diverse range of attractions and amenities. Take advantage of the bustling Midtown Global Market, featuring an eclectic mix of international cuisine and local vendors, or immerse yourself in the cultural richness of the Minneapolis Institute of Art. With convenient access to the Midtown Greenway, residents can enjoy extensive walking and biking trails, connecting them to the heart of the city. Embrace the urban lifestyle while exploring the charming cafes, trendy boutiques, and community parks that make Greenway Heights an exciting investment opportunity for multifamily and mid-rise investors.Performance Real Estate Advisors is pleased to reintroduce Greenway Heights Apartments. The Property is a 42-unit multifamily community offering two-, three-, and four-bedroom floorplans located in Minneapolis, MN. The community was built in 2015 utilizing Low-Income Housing Tax Credits. All units are set aside for residents/families whose income is at or below 50% of AMI and maintains well occupied. Current rents are below nearby market rents, Standard Voucher Payments, and Max LIHTC rents for Hennepin County. Greenway Heights has a plethora of in-unit and community amenities specifically designed with families in mind. There is a community room with an indoor play area, an outdoor youth activity center, fitness center, bike storage, and underground, heated parking. This offering provides an investor several execution strategies with the opportunity to add new debt and assume attractive soft debt. Operational efficiency can be had to maximize cash flow.