Forest Lake, MN - Gateway Green Townhomes - 6 UNITS - Market Price

The Gateway Green Townhome Cottages presents a unique turn-key investment opportunity for the passive investor. There are six separate quality built townhomes located in a newer planned development of Forest Lake, Minnesota. Currently 100% rented with tenants paying their own utilities. The Homeowners Association (HOA) covers exterior maintenance, hazard insurance, building exterior, sanitation, snow removal, Lawncare, and professional management. Units are all slab on grade construction, two-story with two-car attached garages. Spacious floor plans across all units with high end finishes including quartz countertops, stainless steel appliances with built-in microwaves, luxury vinyl plank flooring and gas fireplaces.

Property Facts

  • Year Built: 2022

  • Square Footage: 13,310

  • Units: 6

  • Zoning: Multiple-family District

  • Parking: 6 Attached Two-Car Garage Stalls w/ Openers Plus 12 Off-Street Parking Spots

  • Exterior: Decorative Shakes and Vinyl Siding

  • Heating: Gas Fired Forced Air Furnaces

  • Air Conditioning: Central Air Conditioning

  • Roofs: Pitched Asphault Roofs - New installed in 2022

Unit Description

  • 4 - Three Bedroom, 2 1/2 bath - Approx. 1631 -1779 Sqft.

  • 2 - Two Bedroom +Den, 2 1/2 bath - Approx. 1583-1739 Sqft

Property Improvements

  • 2022: New Electric High-Efficiency Water Heater

  • 2022: New Forced Air Furnaces

  • 2022: Roof - Pitched Roofs with 15-year warranty

  • 2022: Windows - Double-Hung Vinyl Windows

Price: MARKET PRICE

West Allis, WI - 2028 & 2034 S 81st St - 8 UNITS - $1,550,000

Fully Renovated 8-Unit Asset

Extensive renovations completed throughout the property. Investors can benefit from a property with no near-term capital expenditure requirements.

Strong Rent Growth Trajectory

Units are being marketed at $1,700 per month, a significant discount to comparable new construction in the submarket averaging over $2,000. Spacious 930 SF floorplans, central air conditioning, modern finishes, private balconies, and abundant parking position the property to achieve premium rents as leases turn.

Value-Add Opportunity Without Capital Investment

Many units at below-market rents, providing a clear path to revenue growth through natural lease turnover. Unlike many value-add opportunities, the renovation work has already been completed. All 8 units are newly renovated in 2026.

Saint Paul, MN - 1631 Charles Ave - 15 UNITS - $1,150,000

Charles Place apartments presents a unique value-add investment opportunity right in the heart of Saint Paul within walking distance to the newly built Allianz Stadium where the MN United soccer team plays! This whole Merriam Park neighborhood currently is in an opportunity zone and is getting transformed into a trendy and upscale destination. Take advantage of this opportunity to acquire 15 units, all-brick exterior, built in 1940 with original oak hardwood flooring and original doors and plaster coved ceilings. A newer Lochinvar Knight hot water boiler system was installed in 2012 and newer water heaters in 2010. The whole building received newer Andersen Series 100 windows in 2018. Electrical panels to each unit are on 60-amp breakers. Operations receive additional revenue from on-site coin operated laundry. All units are currently occupied and leased and ready for new owners to take over!! Average studio rent is $777 and average one-bedroom rent is $876 per month with plenty of room to move these rents up to market. Stabilized with zero delinquencies and a current in place 9.23% Cap Rate!!

Milwaukee, WI - 2436 S Wentworth Ave - 5 UNITS - $1,175,000

5-unit multifamily in the heart of Bay View. Five two-bedroom units with one operating as an in-place Airbnb. $1,175,000 | 5.93% in-place cap | 6.60% pro forma cap

Rents have room to move and the STR unit adds an income layer most buyers won't find in a standard multifamily deal. Roof replaced 2017, tenants pay electric and gas. Clean, stabilized asset in one of Milwaukee's most in-demand neighborhoods.

Prime Bay View Location

Located on a strong residential street in Bay View, one of Milwaukee's most desirable rental submarkets. The area continues to attract residents seeking walkability, neighborhood amenities, and proximity to downtown.

Fully Renovated Units With Premium Finishes

All units have been extensively renovated with modern finishes, updated kitchens, stainless steel appliances, and contemporary fixtures. This positions the property at the upper end of the local rental market and supports premium rents.

Flexible STR, MTR, or LTR

The lower level furnished unit is currently operated as an Airbnb. New ownership has flexibility with multiple revenue options, including short-term, mid-term, or traditional long-term leasing.

Rent Upside

Recent comparable rentals indicate additional upside remains within the long-term rental units as leases roll over.

Saint Paul, MN - 1619 Hubbard Ave - 9 UNITS - $1,099,000

1619 Hubbard Avenue is a remarkable investment opportunity to acquire 9 well-appointed units steps away from the prestigious Hamline University and five blocks south of the Minnesota State Fairgrounds. Every apartment is unique and spacious with some of them receiving solid surface quartz countertops, stainless steel appliances, refinished hardwood flooring, original French doors and luxury vinyl plank. Kitchens and bathrooms are remodeled with newer tile, cabinets, plumbing and lighting fixtures and fresh paint. Newer hot water boiler services all the apartments for heat. All the electrical panels and breakers have been updated. The exterior siding is maintenance free and windows have all been replaced. Both the pitched roofs on the main building and detached garage are newer. Building sits on a larger 0.34 acres with a five-car garage for additional income and a back parking lot for tenants with plenty of off-street parking. Lower level has the potential to add another unit making it a 10-unit. This asset is 100% full and super easy to keep rented. In place NOI of $67,772 and a 6.16% cap rate. This property has been well managed over the years and has great curb appeal!

Roseville, MN - 1647 County Rd B West - 11 UNITS - $1,390,000

This 11-unit, multi-family investment property is a prime value-add asset in the high demand Twin Cities suburb of Roseville, MN.  1647 Co Rd B West is a well-maintained property that consistently attracts long-term tenants due to its unparalleled accessibility and proximity to major retail hubs and both Minneapolis and Saint Paul.  The unit mix offers eleven 2-bedroom, 1-bathroom units.  The property is situated on a large corner lot with 9 detached garages and plenty of off-street parking.  Many major updates have been done over the last 6 years.  The water heaters, hot water boiler, and windows were replaced.  Slopped rubber membrane roofs installed in 2016/2021.  The electrical panels were updated, and all new common area carpeting was installed within the last year.  All  the heavy lifting has been done.  Owner will only sell on a contract  for deed which makes this a unique opportunity!!

SELLER FINANCING OPPORTUNITY!!

Saint Paul, MN - 149 Morton St E - 12 UNITS - $1,295,000

Morton Street Apartments is a very attractive and well maintained 12-unit apartment building located within walking distance to both the Belvidere and Bluff Parks in Saint Paul, Minnesota. This property offers an exceptional opportunity to acquire a solid, fully-occupied investment in a desirable neighborhood of St. Paul. With a strong history of occupancy, consistent operations, and a focus on long-term maintenance, Morton Apartments is super clean and provides immediate cash flow. The main and upper floor units feature refinished original hardwood flooring. The property includes on-site coin-operated laundry, updated vinyl replacement windows and a 10-car off-street parking lot. Unit mix is ten one-bedroom, one bath and one Studio, one bath. The average 1-bd rent is $1,060 and average studio is $890. Built in 1963 and perfectly situated on a 0.39 acre corner lot. This makes for a great 1031 option coming out of a smaller rental property. Close to the Minneapolis International Airport, plenty of employment and downtown Saint Paul.

Baldwin, WI - 1040 7th Ave - 4 UNITS - $299,000

Baldwin apartments is a fully stabilized 4-unit located a block off the busy main street. With it being 100% occupied this property is easy to keep full offering one & two bedroom units. All residents pay for their own unit electric and gas for heat. The owner just pays for water and trash. Built around the turn of the century the units are spacious and have some original hardwood floors, original trim, and tall ceilings. A lot of newer vinyl replacement windows. Plenty of off-street parking on the side of the property. Rents are currently below market and have room to organically improve! Net operating income $20,113+

Sauk Rapids, MN - 107 & 117 3rd Ave S - 21 UNITS - $1,549,900

Village View Apartments is a perfectly located multi-family asset with 21-units, one block off  the main-street in downtown Sauk Rapids, Minnesota. This value-add opportunity in the Saint Cloud metro area sits on a full block with 0.92 acres and consists of a 12-unit, an 8-unit and a single-family home.  The unit mix on the apartments is 17 two bedroom and 3 one bedroom all with one bathroom.  Professionally managed by Granite City Real Estate Partners. They would entertain staying on with a new owner for management making this a very smooth transition. The apartment buildings are all brick exterior and include twelve detached garages. All the pitched gable roofs were replaced in 2020.

Apartments were constructed in 1965 and the sale includes a one and a half story single family home with three bedrooms and two bathrooms. These are very well-maintained properties and feature a mix of one and two-bedroom units all with one bathroom, providing a variety of options for potential renters. Additionally, the property includes a spacious parking lot with additional off-street separate parking spaces, ensuring that tenants have ample space to park their vehicles.

The exterior of the property is well-maintained and features a classic brick façade and newer vinyl windows, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major highways and the downtown Sauk Rapids and Saint Cloud areas, making it easy for tenants to enjoy all the amenities both cities have to offer.

Investors looking for a value-add opportunity 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 that is super clean and well maintained and also in a non-rent controlled city of Minnesota!

Property Facts

  • Year Built: 1965

  • Square Footage: 18,773

  • Units: 21

  • Zoning: Multiple-Family District

  • Parking: 30 Off-Street Parking Spaces

  • Laundry: Apartments have Seller Owned Coin Operated Laundry Machines

  • Exterior: Brick and Vinyl Siding with Tuck Pointing Repair in 2023

  • Heating: Hot Water Boiler and Electric Baseboard Systems

  • Roof: Pitched Gabled Roofing - All Three Buildings Replaced in 2020

Unit Description

  • 17 - 2 bedroom, 1 bath - Approx. 716+ Sqft.

  • 3 - 1 bedroom, 1 bath - Approx. 600+ Sqft

  • 3bd, 2ba Single Family Home with Two-Car Attached Garage

Price: $1,549,900  

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

Blue Earth, MN - 830 Moore St - 24 UNITS - $1,225,000

Village Green Apartments is a superior chance to acquire a value-add opportunity in southern Minnesota close to the Iowa border.  The unit mix offers fourteen two-bedroom and ten one-bedroom all with one bathroom.  The property consists of three 8-plexes and is situated on a 0.97-acre corner lot right across the street from Putnam Park with tennis courts and community swimming pool. Includes on-site coin laundry facilities in each building, newer water heaters, and plenty of off-street parking!  This one has huge potential by organically raising rents to market while improving the operating expenses to quickly increase its value!

Built in 1979-1980, this very well-maintained building features a mix of one and two-bedroom units all with one bathroom, providing a variety of options for potential renters. Additionally, the property includes a spacious parking lot with 34 separate parking spaces, ensuring that tenants have ample space to park their vehicles.

The exterior of the property is well-maintained and features a classic brick façade with vinyl siding, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major highways and the downtown area, making it easy for tenants to enjoy all that Blue Earth has to offer.

Investors looking for a value-add opportunity 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 that is super clean and well maintained and also in a non-rent controlled city of Minnesota!

Property Facts

  • Year Built: 1979-1980

  • Square Footage: 19,200

  • Units: 24

  • Zoning: Multiple-family District

  • Parking: 34 Off-Street Parking Spaces

  • Exterior: Brick and Vinyl Siding with Gutters Replaced in 2019

  • Heating: Hot Water Boiler and Electric Baseboard Systems

  • Roof: Pitched - All Three Buildings Replaced in 2019

Unit Description

  • 14 - 2 bedroom, 1 bath - Approx. 790+ Sqft.

  • 10 - 1 bedroom, 1 bath - Approx. 630+ Sqft

Price: $1,225,000  

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

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

This is an amazing opportunity to acquire a solid built 24-unit in the heart of Shakopee, MN. Each unit is clean and well maintained with the upper floors offering spacious balconies. The unit mix is 23 two-bedroom and 1 one-bedroom.  Built in 1971 and sits on over 1.38 acres.  Beautiful brick exterior with newer windows and thoughtfully landscaped. Stabilized and fully rented with coin laundry, 24 detached garages and plenty of off-street parking. Perfect for your 1031 purchase!!

Shakopee is a premier investment destination due to its rapidly growing population (approaching 42,000), and a booming, diversified economy anchored by major Fortune 500 companies like Amazon, Shutterfly and MyPillow. Known as “Where the Midwest Comes to Play” Shakopee is the recipient of a brand new 19,000-seat Amphitheatre and home to the Minnesota Renaissance Festival. Other perks feature the Canterbury Park and the high-value tourist attraction of Valleyfair. The city offers strong rental demand, and A-rated school district, and a revitalized downtown, all while being a key, high-growth area in the Twin Cities submarket.

Property Facts

  • Year Built: 1971

  • Square Footage: 25,470

  • Units: 24

  • Zoning: Multiple-family District

  • Parking: 24 Garage Stalls w/ Openers Plus 28 Off-Street Parking Spots

  • Exterior: Brick

  • Heating: Boiler

  • Roof: Flat White EPDM Roofs - New installed in 2014

Unit Description

  • 23 - 2 bedroom, 1 bath - Approx. 975+ Sqft.

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

Property Improvements

  • 2021: New Commercial High-Efficiency Water Heater

  • 2021: New Weil McLain Hot Water Boiler

  • 2021: New Water Softener System

  • 2014: Roof - White EPDM with 15-year warranty

  • 2003: Windows - Installed vinyl replacement sliders

Price: MARKET PRICE

Saint Paul, MN - 195 Lexington Pkwy N - 13 UNITS - $1,300,000

This is a unique opportunity to acquire thirteen well-appointed apartments located in the heart of the Summit University and Union Park neighborhoods of Saint Paul, Minnesota.  Stunning curb appeal, featuring 100% all brick and stone exterior.  All the roofs have recently been replaced in 2021.  The unit mix is all one bedroom, one bath with original oak hardwood floors and trim.  Newer hot water boiler system and water heaters.  Large double corner lot with over 0.35+ acres, twelve detached garages and a patio area for residents.  This asset is the perfect property to buy in your 1031 IRC Tax Exchange!!

The neighborhood is centrally located and offers numerous restaurants, coffee shops, and parks, such as Linwood, Merriam, Iris, Cathedral Hill, and Western Sculpture Parks. Highly walkable with great access to public transportation along Lexington and the University METRO Green Line light rail. Just north of the historic Summit avenue with affluent mansions, churches, and colleges.

Property Facts

  • Year Built: 1921

  • Square Footage: 10,560

  • Units: 13

  • Zoning: Multiple-family District

  • Parking: 12 Garage Stalls Plus Off-Street Parking Spots

  • Exterior: Brick

  • Heating: Hot Water Boiler New in 2021

  • Roof: Flat Rubber Roof - New installed in 2021

Unit Description

  • 13 - 1 bedroom, 1 bath - Approx. 630+ Sqft.

Property Improvements

  • 2021: New High-Efficiency Water Heater

  • 2021: New Weil McLain Hot Water Boiler

  • 2021: Roof - Rubber Roof with 15-year warranty

  • 2021: Resurfaced Asphalt Parking Lot

Price: $1,300,000

Saint Peter, MN - 216 & 218 S. Minnesota Ave - 8 UNITS MIXED-USE - $795,000

Opportunity knocks with this three-story eight unit mixed-use building for sale. The property is located in the central business district in downtown Saint Peter, Minnesota. Historical occupancy is strong as it stays full all the time. The main floor features two larger retail and/or office spaces and currently has long term leases in place. The second and third floors offer six loft style apartments with tall ceiling heights and some exposed original brick. The exterior is all brick and has received all newer windows and the main floor commercial tenants have newer black awnings. There is a parking lot in the back alley for residential tenants and also an attached garage on the back side of the main floor commercial units. The lower level is used for storage but could be an opportunity for additional 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 utilities and the owner pays for the boiler heat, water, sewer and trash. The current in-place cap rate is 8.51% with a net operating income of $67,669. A new owner has room to improve cash flows by raising rents organically over the next 1-2 years in a non rent controlled city on Minnesota. Call to get more financials and information.

Minneapolis, MN - 2637 Pleasant Ave S - 21 UNITS $2,520,000

Attractive 21-unit in the highly sought after Whittier Park neighborhood of Minneapolis, Minnesota. All brick and stucco exterior built in 1966 with great curb appeal. The unit mix features two well appointed 2-bedrooms, fifteen large 1-bedrooms, and four studios. Most of the apartments have been renovated including newer kitchens, bathrooms, luxury vinyl plank flooring, lighting fixtures, and updated appliance packages. The property has newer double pane vinyl replacement windows, two energy efficient hot water boilers, and newer coin operated laundry machines. Close proximity to the Minneapolis College of Art & Design (MCAD), Mpls. Institute of Arts Museum, and downtown Minneapolis. Proforma NOI $187,179 with a cap rate 7.42%.

Saint Paul, MN - 729 Oakdale Ave - 23 UNITS - $2,600,000

This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota.

Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom.  Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater!  Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94

729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.

Saint Peter, MN - 122 S. Minnesota Ave - 25 UNITS MIXED-USE - $2,250,000

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 town's main hotel hangout, this property has since been converted into main floor and lower level commercial spaces, 3-story row houses, and second & third floor apartments.  The total gross building square footage is just over 24,000+. After the devastating 1998 tornado, a group of investors came together to save this historic piece of real estate and replaced the roofs, windows, installed a new elevator, tuck pointed the exterior brick, and added maintenance free metal coping around the whole top of the structure. 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 $193,415 / cap rate 8.60%

Saint Paul, MN - 1648 Charles Ave - 19 UNITS - $1,900,000

1648 Charles is a charming all-brick apartment building located a few short blocks from the Allianz soccer stadium in the midway neighborhood of Saint Paul, MN. Built in 1936 with 19 well-appointed units offering a new owner 6-one bedrooms and 13-studios. Apartments feature original hardwood flooring, lathe and textured plaster walls with decorative cove ceilings. The property is currently fully occupied and easy to rent with 14 colleges, universities, technical, and vocational schools located within the city limits of Saint Paul. The owner has meticulously cared for this property going on 20+ years and ready to let go and sell. Call for more financials.

Minneapolis, MN - 3606 34th Street East - 6 UNITS - $750,000

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler.  The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Property Facts

  • Year Built: 1963

  • Square Footage: 5,500

  • Units: 6

  • Zoning: Multiple-family District

  • Parking: 6 Off-Street Parking Spots

  • Exterior: Brick & Stucco

  • Heating: Newer High Efficiency Boiler

Unit Description

  • 5 - 1 bedroom, 1 bath - Approx. 700+ Sqft.

  • 1 - Studio, 1 bath - Approx. 550+ Sqft

Property Improvements

  • 2024: New Commercial High-Efficiency Water Heater

  • 2024: New Weil McLain High-Efficiency Hot Water Boiler

  • 2024: Complete Electrical Rewire Throughout Every Apartment

  • 2024: Kitchen Renovations with Stainless Steel Appliances & Semi-Custom Cabinets

  • 2024: Solid Surface Quartz Countertops

  • 2024: All Six Bathrooms Gutted And Rebuilt Including New Insulation

Price: $750,000