24-46th Ave NW, Minneapolis, MN 55448

The CR12 and Cedarwood Townhomes portfolio offers an opportunity to acquire a suburban rental community in Coon Rapids, Minnesota. The portfolio combines a renovated asset with a luxury build-to-rent community, collectively offering 20 townhome units ranging from approximately 2,500+ to 3,300+ square feet. CR12 Townhomes delivers layouts with interiors, attached two-car garages, and living spaces, positioned to capture demand for alternatives to single-family housing. Cedarwood Townhomes complements the portfolio with a design-forward product featuring 4+ bedroom residences, finishes, private garages with EV capability, and a courtyard environment designed to replicate single-family living. Located in a supply-constrained suburban submarket, both properties benefit from limited comparable inventory, renter demand, and access to commuter corridors connecting to the Twin Cities. The portfolio offers investors a stabilized investment with competitive advantages driven by unit size, product differentiation, and tenant retention, while also providing scalability through a suburban townhome model. Cedarwood and CR12 Townhomes are located in Coon Rapids, a suburb within the Minneapolis–Saint Paul metropolitan area. Positioned in the North Metro, the submarket offers accessibility, population stability, and rental demand, making it an attractive destination for multifamily investment. Coon Rapids benefits from connectivity to transportation corridors including Highway 10 and University Avenue, providing access to downtown Minneapolis, employment hubs, and the Twin Cities region. The submarket is characterized by a demographic base, supported by healthcare systems, retail centers, and employers. Continued population growth across the North Metro, combined with affordability, has driven demand for rental housing in the area. Coon Rapids stands out as a supply-constrained suburban market, with limited new multifamily development in recent years. Barriers to new construction have contributed to a supply-demand dynamic that supports occupancy stability and rent growth. The area has seen increasing renter demand driven by shifting housing preferences toward suburban locations that offer more space, privacy, and accessibility. Cedarwood and CR12 are positioned to capitalize on suburban rental demand, limited competitive supply, and growth trends within one of the Twin Cities’ submarkets.