Raven Hill Apartments (Sold)

Moran & Company is pleased to announce an exclusive listing for Raven Hill Apartments, a 304-unit apartment community located in Burnsville, Minnesota, a southern suburb of Minneapolis, that is being offered as part of the AIMCO Minneapolis Apartment Portfolio. Raven Hill represents an excellent opportunity to acquire a fully occupied, well located value-add apartment community in Dakota County, a county that has the lowest real estate tax rate in the state. Raven Hill's excellent location adjacent to I-35W gives easy access to Minneapolis and the Minneapolis-St. Paul International Airport. With more than 1/3 of Raven Hill's units already rehabbed and receiving rent increases averaging $100 per unit per month, the buyer would have the opportunity to continue this program for the remaining 179 units.

Tours will begin immediately. To schedule a tour of Raven Hill, The Woods of Burnsville or Silver Ridge Apartments, please contact Lydia Subota at 312-407-6720. For any questions about Raven Hill, or any of the properties within the AIMCO Minneapolis Apartment Portfolio, please contact Pete Evans or Tom Moran at 312-407-6700.