Saint Peter, MN - 224 S. Minnesota Ave - 5 UNITS MIXED-USE - $725,000

THIS DOWNTOWN ICONIC SAINT PETER MINNESOTA PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ACQUIRE A UNIQUE ALL BRICK AND KASOTA LIMESTONE FIVE-UNIT MIXED-USE PROPERTY!! THE BUILDING FEATURES TWO LARGE MAIN FLOOR RETAIL UNITS. ERBERTS & GERBERTS IS ONE OF THESE ANCHOR TENANTS AND HAS A LONG LEASE IN PLACE. THE SECOND FLOOR FEATURES TWO OVERSIZED LOFT STYLE APARTMENTS WITH TALL CEILINGS. THE LOWER LEVEL IS LEASED TO A GOOD STANDING LONG TERM TENANT. THE WHOLE ASSET IS FULLY LEASED AND IN TURN-KEY CONDITION!! AMAZING EXTERIOR CURB APPEAL. MOST UTILITIES ARE PAID BY TENANTS. ROOF IS 1998 AND WINDOWS HAVE BEEN REPLACED.

Hopkins, MN - 434 Blake Rd N - 37 UNITS - PRICED TO MARKET

CREEKVIEW APARTMENTS IS A PRISTINE CLASS “C” ASSET IN A PRIME RE-DEVELOPMENT AREA! NUMEROUS UPGRADES THROUGHOUT THE PROPERTY. 26 OF THE 37 APARTMENTS HAVE BEEN FULLY REMODELED! ROOF REPLACED IN 2015, NEW WINDOWS & ENTRY DOORS IN 2016. THIS AREA RECENTLY HAS BEEN HIGHLY SOUGHT AFTER WITH ALL THE NEWER “SHOPPES AT KNOLLWOOD” AND THE METRO GREEN LINE SOUTHWEST LIGHT RAIL TRANSIT. THE BUILDING HAS ROOM TO ADD ANOTHER 38TH UNIT, AN OFFICE, OR RE-PURPOSE THE PROPERTY INTO AN INDEPENDENT SENIOR LIVING FACILITY. CURRENTLY FULLY OCCUPIED TURN-KEY MULTI-FAMILY INVESTMENT OPPORTUNITY!! RENTS AVG. STUDIO $1,087, AVG. 1-BD $1,166, AVG. 2-BD $1,300. CURRENT IN PLACE NET OPERATING INCOME OVER $348,000+ WITH ROOM TO ORGANICALLY RAISE RENTS OVER THE NEXT FEW YEARS IN A NON-RENT CONTROL CITY OF HOPKINS, MN.

New Richmond, WI - 1153 Hidden Lane - 36 UNITS - $6,150,000

TURN-KEY STABILIZED APARTMENT ASSET IN A GROWING WESTERN WISCONSIN COMMUNITY! THREE IDENTICAL BUILDINGS WITH TWELVE TWO-BEDROOM, ONE-BATHROOM UNITS EACH! EVERY UNIT INCLUDES A DISHWASHER, MICROWAVE, AND A WASHER & DRYER PACKAGE. UNITS EITHER HAVE A MAIN FLOOR PATIO OR A SECOND FLOOR BALCONY. ROOFS WERE REPLACED IN 2017. THERE ARE 34 DETACHED SINGLE CAR GARAGES AND A NEWER ASPHALT PARKING LOT. IN PLACE AVERAGE CURRENT RENTS ARE $1,024.94 AND CAN GET TO AT LEAST $1,245.00+ WITH MINIMAL UNIT UPDATING. PROPERTY IS 100% OCCUPIED, HAS ROOM FOR ORGANIC RENT GROWTH, NO RENT CONTROL, AND BUILT IN 2004!

Saint Peter, MN - 122 S. Minnesota Ave - 25 UNITS MIXED-USE - $2,200,000

THIS IS A ONCE IN A LIFE-TIME OPPORTUNITY TO ACQUIRE A DOWNTOWN SAINT PETER ICONIC MIXED-USE BUILDING! ORIGINALLY CONSTRUCTED IN 1872 AS THE TOWNS MAIN HOTEL HANGOUT THIS PROPERTY HAS SINCE BEEN CONVERTED INTO MAIN FLOOR AND LOWER LEVEL COMMERCIAL, 3-STORY ROW HOUSES, WITH SECOND AND THIRD FLOOR APARTMENTS. TOTAL GROSS BUILDING SQUARE FOOTAGE JUST OVER 24,000+. JUST AFTER THE DEVASTATING 1998 TORNADO A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, THE WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. BOTH THE MAIN FLOOR AND LOWER LEVEL HAVE LONG STANDING COMMERCIAL TENANTS. THE 2ND & 3RD FLOOR APARTMENTS FEATURE TALL CEILING HEIGHTS AND UPDATED KITCHENS & BATHROOMS. IN THE BACK OF THE PROPERTY THERE ARE FOUR ROW HOUSES EACH WITH UNIQUE LAYOUTS AND SOME WITH THREE STORIES. TWO OF THESE ROW-HOUSES ARE 1BD, 1BA AND THE OTHER TWO ARE 2BD + DEN, 1BA. YOU WILL DEFINITELY WANT TO TOUR THIS BUILDING!! PRO-FORMA NOI $176,861+ / CAP RATE 8.04%

Richfield, MN - 6413 Pleasant Ave S - 11 UNITS - $1,375,000

PLEASANT AVENUE APARTMENTS IS A VERY CLEAN AND WELL MAINTAINED 11-UNIT LOCATED IN THE HEART OF RICHFIELD, MN. THE OWNER HAS COMPLETED 10 OF THE 11 UNITS WITH HIGH END KITCHEN REMODELS WITH NEWER CABINETS, COUNTER TOPS, AND ENERGY EFFICIENT STAINLESS STEEL APPLIANCE PACKAGES INCLUDING DISHWASHERS. TWO OF THE APARTMENTS HAVE BUILT-IN MICROWAVES. EXTERIOR FEATURES NEWER WINDOWS AND ROOF. THE HOT WATER BOILER RECENTLY WAS REPLACED WITH A HIGH EFFICIENCY BOILER!! PROFESSIONALLY MANAGED, NO DELINQUENCIES, AND 100% FULL!!

Saint Peter, MN - 216 & 218 S. Minnesota Ave - 8 UNITS MIXED-USE - $900,000

OPPORTUNITY KNOCKS WITH THIS EIGHT UNIT MIXED-USE BUILDING FOR SALE. THE PROPERTY IS LOCATED IN THE CENTRAL BUSINESS DISTRICT IN DOWNTOWN SAINT PETER, MN. THE MAIN FLOOR HAS TWO LARGER RETAIL AND/OR OFFICE SPACES AND ARE CURRENTLY LEASED. THE SECOND AND THIRD FLOORS FEATURE SIX LOFT STYLE APARTMENTS WITH TALL CEILING HEIGHT AND SOME EXPOSED BRICK. THE EXTERIOR IS ALL BRICK AND HAS RECEIVED ALL NEWER WINDOWS AND BLACK AWNINGS. THERE IS A PARKING LOT IN BACK FOR TENANTS AND ALSO AN ATTACHED GARAGE. THE LOWER LEVEL IS USED FOR STORAGE AND COULD BE AN OPPORTUNITY FOR MORE INCOME WITH YOUR IDEAS. EACH COMMERCIAL TENANT PAYS FOR THEIR OWN UTILITIES INCLUDING EXTRA FOR TRASH. THE RESIDENTS UPSTAIRS ARE RESPONSIBLE FOR PAYING THEIR OWN UNIT ELECTRIC AND OWNER PAYS FOR THE BOILER HEAT, WATER, AND TRASH. IN-PLACE CAP RATE IS CURRENTLY 7.59% WITH ROOM TO RAISE RENTS ORGANICALLY OVER THE NEXT 1-2 YEARS IN A NON RENT CONTROLLED CITY. CALL TO GET MORE FINANCIALS!

Roberts, WI - 253 Jennifer Rae - 4.98 ACRES - $659,900

This is a complete construction package already approved to be built by the Village of Roberts. This 4.98 acre parcel is divided into two separate lots and is approved to hold 39 rental units. One lot will hold (6) four plex’s and the other lot will hold a 7-plex and an 8-plex. This parcel is located in a perfect location being about 35 minutes from the MSP airport and 15 minutes from Hudson, River Falls and New Richmond. Not to mention walking distance to Main Street and a rock throw away from a Subway, Holiday Gas Station, and Fitness Center. $659,900.00

Minneapolis, MN - 5737 33rd Ave S - 4 UNITS - $495,000

Don't miss this great opportunity to invest in a 4 unit residential building. There are three, two bedroom units and one, one bedroom unit. All units are rented to provide stable income from day 1 plus plenty of room for upside potential. Each resident pays their own electricity. There is coin-operated laundry in the building for additional revenue. The building was updated in 2004 by the Airport Commission to improve indoor sound quality. Each unit features a wall-mounted a/c unit for resident comfort during the warmer summer months. Off-street parking is available for residents. Schedule your showing today. Buyer and buyer's agent to confirm all measurements and other information.

Typical 2BR Floor Plan

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Saint Paul, MN - 1621 St.Anthony Ave - 11 UNITS - $1,275,000

PRIME LOCATION ONE BLOCK FROM THE ALLIANZ SOCCER STADIUM IN ST.PAUL, MINNESOTA. ALL BRICK EXTERIOR FEATURING ELEVEN TWO-BEDROOM, ONE-BATH UNITS. EACH UNIT HAS A SIMILAR LAYOUT WITH APPROXIMATELY 750 SQFT. PLENTY OF OFF-STREET PARKING SPACES IN THE REAR ASPHALT SURFACED LOT. BUILDING IS IN VERY CLEAN CONDITION AND IS PROFESSIONALLY MANAGED. SECURED ENTRY BUILDING AND OFFERS RESIDENTS LOWER LEVEL SEPARATE STORAGE LOCKERS AND COIN OPERATED LAUNDRY FACILITIES. VALUE-ADD OPPORTUNITY WITH MORE ROOM TO PUSH RENTS UP IN THIS MARKET. CALL FOR MORE DETAILS.

Minneapolis, MN - 3226 Minnehaha Ave S - 12 UNITS - $1,320,000

3226 MINNEHAHA AVE. SOUTH IS A STRONG PRODUCING TURN-KEY APARTMENT ASSET IN A GROWING MINNEAPOLIS NEIGHBORHOOD! VERY CONSISTENT OCCUPANCY WITH LOW TURN OVER. NEWER DEVELOPMENTS IN CLOSE PROXIMITY HELP RAISE THE MARKET RENTS ON THESE UNITS. THERE ARE ELEVEN ONE-BEDROOM & ONE STUDIO APARTMENTS AND 10 OFF-STREET PARKING SPACES IN A REAR PARKING LOT. THE EXTERIOR IS A COMBINATION OF BRICK AND STUCCO WITH NEWER VINYL REPLACEMENT WINDOWS. A RUBS PROGRAM (RATIO UTILITY BILLING SYSTEM) HAS ALREADY BEEN IMPLEMENTED FOR TENANTS TO PAY THEIR PORTION FOR WATER, SEWER, AND TRASH. THIS PROPERTY WOULD MAKE THE IDEAL 1031 EXCHANGE UP FROM A 2-4 UNIT RENTAL. CURRENT IN-PLACE NOI $72,995 WITH UPSIDE POTENTIAL TO RAISE RENTS THE NEXT TWO YEARS BY 10-15%. CALL FOR MORE DETAILS.

Richfield, MN - 7444 Cedar Ave S - 23 UNITS - $3,100,000

Introducing a unique investment opportunity in the heart of Richfield, Minnesota! This expansive property located at 7444 Cedar Ave boasts a total of 23 units with a combined square footage of 21,840, making it an ideal investment for those looking to expand their apartment rental portfolio.

Built in 1966, this very well-maintained building features a mix of 18 spacious two-bedroom units and 5 cozy one-bedroom units, providing a variety of options for potential renters. Additionally, the property includes 10 detached garages, ensuring that tenants have ample space to park their vehicles.

The exterior of the property is well-maintained and features a classic brick façade, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major transportation routes, making it easy for tenants to commute to work or enjoy all that Richfield has to offer.

Investors looking for a turn-key property with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property with 10 garages in Richfield, MN!

The brick exterior façade makes this property shine. There are many updates in recent years including the front and rear entryways, security cameras, newer vinyl windows, brand new commercial grade water heater replaced in 2023, and a newer roof on both the building and garages replaced in 2014.

Property Facts

• Year Built: 1966

• Square Footage: 21,840

• Units: 23

• Zoning: Multiple-family District

• Parking: 10 Garage Stalls plus plenty of off street parking

• Exterior: Brick

• Heating: Boiler

• Roof: Flat - New installed by All Elements, Inc. in 2014

Unit Description

• 18 - 2 bedroom, 1 bath - Approx. 910+ Sqft.

• 5 - 1 bedroom, 1 bath - Approx. 750+ Sqft

Property Improvements

• 2022: New Commercial High-Efficiency Water Heater built by Bock.

• 2018: New Carpet in Hallways, Common Areas, Entry Way

• 2014: Roof - Durolast by All Elements, Inc. with 15 year warranty

• 2013: Windows - Installed vinyl replacement sliders by Window World, Inc.

Price: $3,100,000  

Information is deemed reliable but not guaranteed.  Buyer and Buyer's agent to verify all details.  

Fill out the form below to Download Offering Memorandum

Shakopee, MN - 1240 4th Ave E - 24 UNITS - Market Price

1240 4TH AVE. EAST IS A VERY CLEAN AND WELL MAINTAINED SOLID BUILT 24 UNITS LOCATED IN SHAKOPEE, MN. THE UNIT MIX HAS 23 TWO-BEDROOM AND 1 ONE-BEDROOM APARTMENTS ALL WITH ONE FULL BATHROOM. NEWER FLAT ROOF ON BOTH THE BUILDING AND GARAGE STRUCTURES! ALL THE WINDOWS AND PATIO DOORS HAVE BEEN REPLACED IN 2003. THE BUILDING RECEIVED A NEW HOT WATER BOILER SYSTEM FOR HEATING, A COMMERCIAL GRADE HOT WATER HEATER, AND A CULLIGAN HIGH EFFICIENCY WATER SOFTENER SYSTEM ALL IN 2021. UNITS ARE GOOD SIZE WITH WIDE HALLWAYS AND WOULD MAKE A GREAT BUILDING TO TURN INTO CONDOS OR INDEPENDENT SENIOR LIVING. PLENTY OF OFF STREET PARKING FOR RESIDENTS & GUESTS AND INCLUDES 24 GARAGE STALLS WITH ELECTRIC OPENERS. THE TENANTS CURRENTLY PAY FOR THEIR UNIT ELECTRIC. THIS WOULD BE AN IDEAL PROPERTY TO IMPLEMENT A RATIO UTILITY BILLING SYSTEM (RUBS) TO CAPTURE A HIGHER RETURN ON YOUR INVESTMENT. TOTAL ACREAGE 1.38

Saint Paul, MN - 190 & 196 Saratoga St N - 4 building portfolio

Saint Paul, MN - 57 UNITS - 1040/1052/1076 Agate St - $4,950,000

Don't miss this fantastic opportunity to own a stunning 3 building portfolio. Featuring 17 - efficiency studio, one bath units and 40 - one bedroom, one bath units. Residents pay unit electric and owner pays for heat, water, and trash. Ideal for the new owner to impliment a RUBS program to capture a higher ROI.

The brick exterior façade makes this property shine. These buildings are very clean and well cared for. They are located on four adjacent parcels (3 buildings and an extra parcel for parking) totaling 1.60 acres.

Property Facts

• Year Built: 1963-1965

• Lot Size: Total of 1.60 Acres on four adjacent parcels

• Units: 57 - mix of efficiency and 1 bedroom

• Zoning: R4 / Multiple-family District

• Parking: Surface parking lots for all the tenants

• Exterior: Brick & Stucco Exterior

• Heating: All 3 buildings have hot water boilers

• Roof: Flat and Pitched

Unit Description

• 40 Units - One Bedroom, One Bath

• 17 Units - Efficiency, One Bath

Price: $4,950,000  

Information is deemed reliable but not guaranteed.  Buyer and Buyer's agent to verify all details.  

Fill out the form below to Download Offering Memorandum

Minneapolis, MN - 2115 N 44th Ave - 6 Units - $700,000

Don't miss this fantastic opportunity to own a stunning 6-unit apartment building. Featuring a desirable unit mix of 3 spacious 2 bedroom units, 2 cozy 1-bedroom units and 1 efficient studio unit.

The brick exterior façade makes this property shine. There are many updates in recent years including the front entryway, new boiler and water heater.

Property Facts

• Year Built: 1971

• Square Footage: 5,085

• Units: 6

• Zoning: R4 / Multiple-family District

• Parking: Cement. 6+ spaces

• Exterior: Brick

• Heating: Boiler, Radiator

• Roof: Flat

Unit Description

• Unit 101 - 2 Bedroom, 1 Bath

• Unit 102 - Studio, 1 Bath

• Unit 201 - 2 Bedroom, 1 Bath

• Unit 202 - 1 Bedroom, 1 Bath

• Unit 301 - 2 Bedroom, 1 Bath

• Unit 302 - 1 Bedroom, 1 Bath

Property Improvements

• 2005: Windows & roof replaced by previous owner

• 2011: Concrete driveway replaced ~ $45,000

• 2012: Electrical connections in each unit upgraded to breakers ~$25,000

• 2013: Boiler & water heater replaced ~ $25,000

• 2018: Fire damage in unit 201 repaired - window, door, carpet, paint, small sheetrock repair, roof

• 2020: Front door portal & soffit replaced ~ $25,000

• 2023: Main sewer liner installed

• Routine maintenance at turnovers and as needed

Price: $700,000  

Information is deemed reliable but not guaranteed.  Buyer and Buyer's agent to verify all details.  

Fill out the form below to Download Offering Memorandum

Owatonna, MN - 1927-2019 Hartle Ave - 48 UNITS - $4,500,000

1927-2019 Hartle Ave in Owatonna, MN is a multi-family property listed for sale at $4,500,000. The property consists of 48 units spread across three adjacent properties. The properties feature a total of 12 one-bedroom, one-bathroom units, and 36 two-bedroom, one-bathroom units.

The property also includes detached garages, providing tenants with ample parking space. Additionally, two of the three roofs have been replaced within the last three years, ensuring that the property is well-maintained.

Located approximately one hour south of the Twin Cities, this property offers easy access to the urban amenities of the region while providing a quieter, more suburban living experience. The area around the property is known for its natural beauty, with several parks and outdoor recreational areas within close proximity.

Overall, 1927-2019 Hartle Ave in Owatonna, MN is an attractive multi-family property that offers a great investment opportunity for those looking to expand their real estate portfolio in the area.

Minneapolis, MN - 2205 - 2223 Pleasant Ave S - 14 UNITS - $3,460,000

FOUR PROPERTIES, 14 TOTAL UNITS WITH MOSTLY 3-BEDROOM UNITS! PERFECTLY LOCATED IN THE HISTORIC WHITTIER NEIGHBORHOOD BETWEEN HENNEPIN AND NICOLLET AVENUES. THIS CLASSIC SOUTH MINNEAPOLIS MULTI-FAMILY PORTFOLIO OFFERS INVESTORS A RARE OPPORTUNITY TO AQUIRE FOURTEEN FULLY OCCUPIED AND TURN-KEY APARTMENTS. EACH UNIT FEELS LIKE A HOME WITH ITS OWN FLOOR AND FRONT & REAR PRIVATE ENTRANCES. MOST HAVE DECKS OR PATIOS AND EIGHT OF THE UNITS OFFER RESIDENTS FULLY OPERATIONAL WOOD BURNING FIREPLACES. THREE OF THE FOUR PARCELS ARE NEXT TO EACH OTHER AND THE FORTH IS ONE PROPERTY AWAY. THE COMBINED TOTAL ACREAGE IS 0.75 ACRES WITH UNUSUALLY LARGE DEEP LOTS. THERE IS PLENTY OF OFF-STREET PARKING COMBINED WITH TWO DETACHED GARAGES FOR ADDITIONAL REVENUE. NEWER ROOFS ON 2205, 2209, 2215 BUILDINGS AND A NEWER ROOF ON THE 2223 GARAGE. VIEWS OF DOWNTOWN MPLS. OWNER WOULD CONSIDER SELLING INDIVIDUAL PROPERTIES.