2219 Marshall Street NE
Minneapolis, MN 55418
This was a fun project we did in 2012 with an owner that lived in Russia at the time (originally was from NE Minneapolis). We remotely located and underwrote the project and were able to complete the renovation of occupied units in under 2 months. This included new flooring, kitchen countertops, stainless steel appliances, common area improvements and other luxury style upgrades. The budget was only $5000.00 per unit, so we had to be extremely efficient with how the renovation went. Because of this we did keep the existing cabinets.
Now the property is 100% occupied with a waiting list and reaches consistent rent growth of 8-12% annually in the current market. We were able to refinance the property in 2015 and earn 172% ROI paying back all investors and increased monthly payouts.
Nexus has a special way of doing things; I call it the "right way". Their knowledge of the industry combined with professionalism and business aptitude makes Nexus a rare gem. During the last two years I have watched Nexus overcome and surpass any challenges and goals set for themselves. The team of property management professionals consistently delivers an impressionable performance, based on quality of the projects, occ…
I have had the pleasure of working with Nexus on several successful apartment renovation projects. Under Mike's leadership, each project was completed within budget and the end result was a clean, professionally managed community. Mike is a knowledgeable entrepreneur and a great asset to the industry and I would recommend Nexus' services to any owner/company looking to maximize their asset.
Nexus has been fantastic to work with. They have a great understanding of what it takes to accomplish real financial success and investor return at your properties. Nexus is truly focused on exceeding net operating income targets and investment return. At the same time, it is a creative marketer. Nexus is able to think outside of the box to achieve property lease up and above average resident retention. They are totally o…
I truly appreciate the relationship I’ve been able to build with Nexus the past couple of years and I’m impressed with Mike's drive to bring new technologies and efficiencies to Nexus. He's truly an asset to his company and to the multi-family industry.
Nexus has stepped up to the plate with an affordable management service that has met every need. The management has handled customer relations with an effective personal touch. The management was able to staff up to take over management on the first day. They handled an overnight emergency two weeks into their service by assuming on-site presence immediately and informing owners within hours.
Nexus Real Estate Services and Team have worked with Carpathian Capital since 2012 completing two successful value add projects. One project recently achieved a 171% ROI and 51% rent growth, we highly recommend Nexus and team based on their performance.
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