PROPERTY HIGHLIGHTS
ADDRESS: 165 E County Rd. B2, Little Canada, MN
STORIES / UNITS: 3 / 111
RENTABLE SF: 80,349 SF
AVERAGE UNIT SIZE: 724 SF
SITE SIZE: 5.49 Acres
PARKING STALLS: 272 Total (2.45:1)
JURISDICTION: Ramsey County
YEAR BUILT: 1977
LITTLE CANADA, MN:
Centrally Located Community
Well-Educated Residents
Regional Labor Market
UNIT CONDITION:
66 Renovated Units
22 Partially Renovated Units
23 Units in Original Condition
111 Total Units
5 REASONS WE LOVE THIS OPPORTUNITY
DISCOUNTED BASIS. Ā The Federal Reserveās aggressive fight against inflation has pushed borrowing costs up by 250ā300 basis points, creating a reset in valuations and leaving todayās pricing well below peak levels.
SIGNIFICANT UPSIDE. Renovating the original apartments and common areas enhances the propertyās NOI while attracting top-credit residents.Ā At Hillcrest Place, renovated units are currently achieving a $180 per month premium over original units.
TAX BENEFIT. A Cost Segregation study will be completed.Ā This strategy accelerates depreciation, boosting cash flow and reducing tax burdens on rental income.Ā Investors in Hillcrest Place can expect significant passive losses on their 2025 tax return.
DEVELOPMENT PIPELINE SLOWDOWN. After reaching a peak of 15,500 units in 2022, apartment permits dropped to 5,000 last year and are tracking even lower in 2025.Ā This slowdown is expected to tighten supply and increase demand once the current wave of projects under construction is absorbed.
TWIN CITIES SUBURBAN STABILITY. Ā The Twin Cities suburbs continue to deliver steady 2 ā3% annual rent increases.
Investment Opportunity Highlights
Number of units:Ā 111
Capital Raise: $5,570,000
Minimum Investment:Ā Minimum investment of $50,000 (Cash &Ā Solo 401k funds acceptable /Ā IRA funds may be accepted depending on timelines)
Date Investment is Open to Investors:Ā October 28th, 2025
Estimated Time of Closing:Ā December 16th, 2025
Depreciation Losses:Ā Bonus depreciation is projected to be applied to the 2025Ā tax year
To express your interest in joining this venture, simply click the āInvestor Interest Formā button below. Remember, filling out the form doesnāt commit you to invest.
Please reach out with any questions.
Ben Michel
[email protected]
ridgeviewpropertygroup.com
This 506(c) offering is open to accredited investors only.Ā The numbers presented are projections; actual numbers are dependent on asset performance.Ā Ā