Brentwood Estates East Grand Forks, MN

Investment Highlights

• Exceptionally Attractive Going-In Basis
• $165,000+ of Additional Income Via Continued Unit Interior Modernizations 
• Long-Term Owner-Operator (10+ Years)
• Strategically Located with Strong Connectivity
• Flexible Capitalization - Offered Free & Clear or with Assumable Financing

Exceptionally Attractive Going-In Basis

Positioned significantly below replacement cost and recent East Grand Forks market transactions, Brentwood Estates is being offered in the high $30,000s per unit range. Even after factoring in an anticipated $10,000 per unit for value-add upgrades, an investor’s all-in basis would remain in the mid $40,000s per unit, offering a substantial buffer when compared to historical trades in East Grand Forks, MN.

$165,000 of Additional Income Via Continued Unit Interior Modernizations 

Brentwood Estates presents a substantial value-add opportunity with 133 unrenovated units, comprising 92% of the total unit count. Investors can significantly enhance property value and increase rental income by implementing modern cosmetic upgrades across these units. Planned renovations could include contemporary finishes such as sleek, high-end countertops, modern cabinetry, and stainless-steel appliances in the kitchens. Additionally, upgrades might feature luxury vinyl plank flooring, updated lighting fixtures, and fresh, stylish paint colors. In the bathrooms, new vanities, modern tile work, and updated fixtures can add a fresh, upscale feel. 

Long-Term Owner-Operator (10+ Years)

Brentwood Estates presents a rare opportunity to acquire a property from a long-term owner and operator of more than 15 years. The property has been meticulously maintained throughout its lifetime, providing a strong foundation for new ownership to build upon.

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