3829 West Broadway
Brooklyn Center, MN 55422
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Communication between Nexus and the owners of the property was not ideal. The owners, located out of state, communicated with Nexus solely over the phone or by e-mail. Some of the problems with the property included:
The rent was below the market value, but the original estate had many beautiful features that the property owners and Nexus wanted to preserve. A full-scale renovation of this apartment complex was not required to raise the rent value or resident satisfaction. Instead, the goal was to highlight the unique character of the building and grounds.
The Point Apartments were brought to life with improvements that did not involve complete renovation of the premises:
Because of these and continual improvements to the property, rents were raised from an average of $575 at closing, to $975 in 2018. The Point Apartments now boasts the charming appearance of a bed and breakfast, located in the heart of Robbinsdale.