373 Old Highway 8 Northwest New Brighton, MN 55112

Hillside East Apartments, located in New Brighton, presents an opportunity to acquire a 108-unit multifamily property. Constructed in 1964, the property consists of two apartment buildings on a combined 5.42-acre site. The unit mix includes 10 one-bedroom, 88 two-bedroom, and 10 three-bedroom residences, with units averaging approximately 833 square feet and average rents of approximately $1,430 per month. Many units have undergone interior renovations, featuring updated kitchens, new flooring, and modern finishes. Bathroom updates vary by unit, with select full renovations completed and many units receiving updated vanities, mirrors, and light fixtures. Apartment amenities include ceiling fans, balconies, and dishwashers. Community amenities feature a picnic pavilion, playground, laundry facilities, and an outdoor pool. The property offers approximately 173 surface parking spaces and 48 garage spaces. Recent capital improvements include common area railing repairs, gutter downspout repairs, exterior railing improvements, pool shed reconstruction, boiler room wall repairs, and a planned parking lot overlay and restriping project. The property benefits from professional management and is well-maintained. Hillside East Apartments is located within walking distance of Totem Pole Park, providing access to tennis courts, basketball courts, baseball fields, and open green space.