Hudson, WI - 1613 Redwood Dr - 4 UNITS - $695,000

Location, location, location! Two blocks east of  the Saint Croix River sits this rare fourplex with newer windows and roof.  Apartments are all two bedroom, one bathroom with in unit washer and dryers.  Exterior has newer garage doors with openers, and the asphalt driveways were redone!  One apartment will be open for an owner occupant buyer.

Red Wing, MN - 480 W 8th St - 6 UNITS - $1,290,000

The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025-2026 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Sits on an oversized corner lot with 0.38+ acres and a freshly laid 12-stall parking lot for residents to enjoy. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

Property Facts

• Year Built: 1965

• Years Renovated: 2025-2026

• Units: 6 garden style apartments

• Square Footage: Building total 8,400+ sqft

• Zoning: Multiple-dwelling

• Parking: 12 off-street parking spots

• Exterior: All-brick and stone exterior

• Heating: Individual electric furnaces / tenants pay their own unit heat

• Air Conditioning: Central air conditioning units / tenants pay their own AC

• Roof: Pitched roof new in 2025

• Laundry: Each unit has a Whirlpool name brand stack Washer and Dryer unit / seller owned

• Storage: There are extra rooms in the lower level for tenant storage lockers

Unit DescriptionS

• 1 - Three Bedroom, Two Bath - Approx. 1,015+ Sqft. / Average rent $2,100.00

• 1 - Three Bedroom, One Bath - Approx. 940+ Sqft. / Average rent $1,950.00

• 2 - Two Bedroom, One Bath - Approx. 560+ Sqft. / Average rent $1,650.00

• 2 - One Bedroom, One Bath - Approx. 445+ Sqft / Average rent $1,350.00

Property Improvements

• Hallways and common areas recently painted and carpeted (2025)

• Newer hot water heaters (2025)

• Brand new forced air furnaces and central AC (2025)

• Exterior concrete steps and sidewalk (2026)

• Brand new Andersen Series 100 double-hung windows throughout the building (2025)

• Apartment entrance steel doors recently repainted

• All six of the apartments have been totally renovated from top to bottom with newer luxury vinyl plank flooring (LVP), carpet in bedrooms, new trim and doors, drywall and fresh paint, new tiled bathrooms and vanities, new custom kitchen cabinets and quartz countertops, new light fixtures, new blinds, and stainless steel appliance package.

Price: $1,290,000.00

Forest Lake, MN - XXX Lilac Alcove - New Development - $440,000

S H O V E L - R E A DY T O W N H O M E DEVELOPMENT - F O R E S T L A K E

Welcome to the Gateway Green development, a shovel ready development opportunity located in Forest Lake, MN that has many options. Just minutes from downtown Forest Lake and along the west side of Highway 35N just north of the Twin Cities. This is a fully assembled 8-lot site and perfectly positioned on 0.58 acres and ready for the next new rental community. A developer can build twin homes or townhomes backing up to a small pond to the north with wildlife. The city of Forest Lake will consider many different layout floorpan options. There are eight separate contiguous lots with sewer/water stubbed into the boulevard. Reach out to get preliminary plans for twin homes or townhomes. Bring your ideas!

Saint Peter, MN - 216 & 218 S. Minnesota Ave - 8 UNITS MIXED-USE - $699,900

Opportunity knocks with this three-story eight unit mixed-use building for sale. The property is located in the central business district (CBD) in downtown Saint Peter, Minnesota. Historical occupancy is strong with its direct location to main-street businesses, shopping and Gustavus Adolphus College. The main floor units feature two larger retail and/or office spaces and currently have 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 the front has received all newer windows. Both of the main floor commercial tenants have newer black awnings which makes the property really stand out. 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 and trash. The current in-place cap rate is 10.13% with a net operating income of $70,890. A new owner has room to improve cash flow by raising rents organically over the next 1-2 years in a non rent controlled city on Minnesota. This is a unique chance to buy into a growing community that is centrally located between other larger cities like Mankato, Belle Plaine, Faribault, Owatonna and New Ulm. Call to get more financials and information.

Property Facts

• Year Built: 1890

• Square Footage: 12,320

• Units: 8

• Zoning: Multiple-Family and Mixed-Use District

• Parking: 2 Attached Garage Stalls w/ Openers Plus 6 Off-Street Parking Spots

• Exterior: All Brick Exterior

• Heating: Gas Fired Forced Air Furnaces for Main Floor Commercial Tenants

• Air Conditioning: Central Air Conditioning for both Main Floor Commercial Tenants

• Roofs: Flat Roofs - Older in Age - Replaced Approximately in 1998

Unit Description

• 4 - One Bedroom, One Bath - Approx. 650-750 Sqft.

• 1 - Two Bedroom, One Bath - Approx. 1500+ Sqft

• 1 - Loft Style Open Concept, One Bath - Approx. 1500+ SqFt

• 2 - Main Floor Commercial Spaces - Each with Approx. 1540 SqFt

Property Improvements

• Newer Hot-Water Boiler System that Services the 2nd & 3rd Floor Apartments

• Newer Forced Air Furnaces for Both the Commercial Spaces

• Newer Black Awnings on Both Commercial Spaces

• Newer Windows on the Front of the Building - Double-Hung Vinyl Windows

Price: $699,900.00

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

Milwaukee, WI - 500 W Arthur Ave - 18 UNITS - $1,700,000

4-property, 18-unit portfolio across Milwaukee's South Side. Strong in-place NOI of $146,965 with diverse unit mix and value-add upside.

South St. Paul, MN - XXX South St W - New Development - $675,000

Welcome to the South Street Flats, a shovel ready development opportunity located in South St. Paul, MN that has many options. Just minutes from downtown Saint Paul and the Mississippi River Valley. This is a fully assembled 5-lot site and perfectly positioned on 0.97 acres and ready for the next new rental community. A developer can build single family, twin homes, cluster concept, apartment building(s), commercial with residential above, assisted living, and/or specialty care. The city of South St. Paul will consider many different options. There are (5) 60 x 134' single family lots that can be built on immediately, each lot has sewer/water stubbed into the boulevard. Reach out to get preliminary plans for a 13-unit row home, twin home, mixed-use development and a triplex layout plan. Bring your ideas!

Saint Paul, MN - 1563 Charles Ave - 9 UNITS - $725,000

Charles apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features two buildings. In front is a fully occupied eight unit with four 2-bd, 1ba and four 1-bd and 1ba apartments. In the rear is a carriage house that comes with the sale and was built in 1910. Current in-place rents are $856 for the one bedrooms and $1,075 a month for the two bedrooms. Onsite coin laundry and extra storage lockers in the basement. The main building was built in 1911 and has hardwood floors, tall ceilings and loads of original trim and doors.

PROPERTY FACTS

• Year Built: 1910-1911

• Units: 8 garden style apartments

• Square Footage: Building total 7,036 sqft / Carriage house total 448 sqft

• Zoning: Multiple-dwelling

• Exterior: Stucco exterior

• Heating: Hot water boiler system / Replaced in 2015

• Air Conditioning: Window air conditioning units / tenant owned

• Roofs: Flat roof on the 8-units / Replaced in 2022 I Pitched roof on the Carriage house

• Laundry: One set of coin laundry machines / seller owned

UNIT DESCRIPTION

• 4 - Two Bedroom, One Bath - Approx. 675 Sqft. / Average rent $1,075.00

• 4 - One Bedroom, One Bath - Approx. 610 Sqft / Average rent $856.00

• 1 - Carriage House, One BD, One BA - Approx. 450 Sqft / Average rent $1,000.00

PROPERTY IMPROVEMENTS

• Hallways and Common Areas Recently Painted and carpeted

• Newer Hot Water Heater

• Newer Hot Water Boiler (2015)

• Exterior Stucco Patching (2022)

• Newer Double-Hung Windows in Approximately 60% of the Apartments

• Sidewalks Re-surfaced (2021)

PRICE: $725,000.00

Saint Paul, MN - 1562 Edmund Ave - 8 UNITS - $650,000

Edmund apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features one building with three single car detached garages bringing in extra income. All units are fully occupied featuring eight 1-bedroom and 1-bath apartments. In the rear is a detached garage that comes with the sale and was built in 1913. Total square footage is 6,556 over two floors. Current in-place rents are $939.12 per month for the one bedrooms. Onsite coin laundry and extra storage lockers in the basement. All apartments feature hardwood floors, tall ceilings and loads of original trim and doors. Roof was replaced in 2022. Hot water boiler was replaced in 2015.

The same ownership group also is offering a 9-unit for $725,000 located next door to the south at 1563 Charles Ave that can also be purchase on a contract for deed. Terms negotiable.

PROPERTY FACTS

• Year Built: 1913

• Units: 8 garden style apartments

• Square Footage: Building total 6,556 SqFt

• Zoning: Multiple-dwelling

• Exterior: Stucco exterior

• Heating: Hot water boiler system / Replaced in 2015

• Air Conditioning: Window air conditioning units / tenant owned

• Roofs: Flat roof on the 8-units / Replaced in 2022

• Laundry: One set of coin laundry machines / seller owned

UNIT DESCRIPTION

• 8 - One Bedroom, One Bath - Approx. 600 Sqft. / Average rent $939.12

• 3 - Single Car Detached Garages

PROPERTY IMPROVEMENTS

• Hallways and Common Areas Recently Painted and carpeted

• Newer Hot Water Heater

• Newer Hot Water Boiler (2015)

• Exterior Stucco Patching (2022)

• Newer Double-Hung Windows in Approximately 60% of the Apartments

• Sidewalks Re-surfaced (2021)

PRICE: $650,000.00

Minneapolis, MN - 3606 34th Street East - 6 UNITS - $749,000

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

Waukesha, WI - 2709 Silvernail Rd - 8 TOWNHOMES - $2,600,000

The Crossings is a small boutique apartment complex (8 units total) that offers private entry units with attached garages. Our one- and two-bedroom apartment homes not only feature their own private attached garages and private entrances but also boast spacious layouts/SF, large balconies or patios, in unit washer/dryer, stainless steel appliances, quartz and marble countertops, custom cabinetry, walk-in closets with custom closet systems, extra storage, 50 AMP electric car charging outlets and luxury plank flooring. The Crossing is located in Pewaukee off Silvernail and Grand which offers access to Waukesha, lake country and the freeway. Call/message to schedule your tour today!

City - Pewaukee

Located in the heart of Lake Country, Pewaukee offers residents a tranquil suburban lifestyle within a 20-minute drive of bustling Milwaukee. Pewaukee is home to the largest lake in Waukesha County, Pewaukee Lake, where residents and guests can go swimming, boating, paddle boarding, fishing, kayaking, and enjoy beautiful views.

Pewaukee residents also have the option to bike the 15-mile Lake Country Trail, explore nature at Simmons Woods Park, and go rock climbing at the expansive indoor climbing gym Adventure Rock. Unique boutiques are strewn throughout Pewaukee in addition to casual restaurants, scenic parks, and lush golf courses.

A host of annual events foster a sense of community in Pewaukee, including the Waterfront Wednesday Concert Series, Pewaukee Multisport Weekend, and Pewaukee Kiwanis Beach Party and Lake Country Water Festival. Commuting and traveling from Pewaukee is a breeze with access to I-94 and Waukesha County Airport.

Property Facts

• Year Built: 1965

• Years Renovated: 2025-2026

• Units: 6 garden style apartments

• Square Footage: Building total 8,400+ sqft

• Zoning: Multiple-dwelling

• Parking: 12 off-street parking spots

• Exterior: All-brick and stone exterior

• Heating: Individual electric furnaces / tenants pay their own unit heat

• Air Conditioning: Central air conditioning units / tenants pay their own AC

• Roof: Pitched roof new in 2025

• Laundry: Each unit has a Whirlpool name brand stack Washer and Dryer unit / seller owned

• Storage: There are extra rooms in the lower level for tenant storage lockers

Unit DescriptionS

• 1 - Three Bedroom, Two Bath - Approx. 1,015+ Sqft. / Average rent $2,100.00

• 1 - Three Bedroom, One Bath - Approx. 940+ Sqft. / Average rent $1,950.00

• 2 - Two Bedroom, One Bath - Approx. 560+ Sqft. / Average rent $1,650.00

• 2 - One Bedroom, One Bath - Approx. 445+ Sqft / Average rent $1,350.00

Property Improvements

• Hallways and common areas recently painted and carpeted (2025)

• Newer hot water heaters (2025)

• Brand new forced air furnaces and central AC (2025)

• Exterior concrete steps and sidewalk (2026)

• Brand new Andersen Series 100 double-hung windows throughout the building (2025)

• Apartment entrance steel doors recently repainted

• All six of the apartments have been totally renovated from top to bottom with newer luxury vinyl plank flooring (LVP), carpet in bedrooms, new trim and doors, drywall and fresh paint, new tiled bathrooms and vanities, new custom kitchen cabinets and quartz countertops, new light fixtures, new blinds, and stainless steel appliance package.

Price: $2,600,000.00

Saint Peter, MN - 122 S. Minnesota Ave - 25 UNITS MIXED-USE - $1,999,000

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, sprinkler system added for safety, 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 $198,337 / cap rate 9.92%

Saint Paul, MN - 399 Ashland Ave - 19 UNITS - $1,500,000

This stately 19-unit investment property is over 10,500+ square feet with loads of charm and historic character. Originally built in 1890 as a side-by-side duplex it now offers nineteen one-bedroom and studio apartments.  Three units are full one bedroom, one bathroom units. Sixteen of the units share 6 common area bathrooms.  All the units have either a full-size kitchen or a kitchenette.  The  exterior is all brick and stone and features a newer roof.  Tall ceiling heights and skylights!!

Located in one of the most sought after neighborhoods in Saint Paul, Minnesota. Cathedral Hill or Summit Hill is the cities most historic and charming neighborhoods! From its stunning architecture and beautiful real estate to its rich history and vibrant community, this area offers an unforgettable experience for residents and visitors alike. Breathtaking historic homes, iconic landmarks, and some of the best restaurants in the state—including local favorites like WA Frost, known for its incredible ambiance and elevated dining experience.

Property Facts

• Year Built: 1890

• Units: 19 garden style apartments

• Square Footage: Building total 10,828 sqft

• Zoning: Multiple-dwelling

• Parking: 4 off-street parking spots

• Exterior: All-brick and stone exterior

• Heating: Two hot water boilers / caravan slant fin

• Air Conditioning: Window air conditioners / tenants provide

• Roof: A combination of newer pitched asphalt roofing and flat rubber roofing

• Patios: The front offers two smaller patios for residents to enjoy

• Laundry: Two sets of coin laundry machines / seller owned

• Storage: Basement has plenty of extra storage areas

Unit Description

• 16 - Studio with Kitchenette - Approx. 275+ Sqft. / Average rent $738.53

• 3 - One Bedroom, One Bath - Approx. 600+ Sqft / Average rent $1,221.67

South St. Paul, MN - 105 Park St E - 12 UNITS - $1,649,000

The Park Apartments in South St. Paul has been proudly owned and self managed for over 25 years. It is located in a first ring suburb of the Twin Cities in Dakota county just off highway 494 and in between both highway 52 and highway 61. This all brick and stucco twelve unit was originally constructed in 1978 and has received many upgrades including renovated units in five of the twelve apartments, double hung vinyl replacement windows throughout, freshly painted common areas, newer hallway carpeting and entrances. The long term owner has meticulously cared for the property and is offering this as a low maintenance turnkey asset for a new investor. One thing that makes this apartment building unique versus other similar size buildings is that each unit has electric baseboard heaters which the tenants pay for reducing the owners operational costs. Average in-place rents for the two-bedrooms are 1,337.00/month and the one-bedroom rents for $1,135.00/month. There are eight detached garages which brings in an additional $600.00/month.

The city of South St. Paul is situated on the west bank of the Mississippi River and just south of St. Paul, close to the Minneapolis-St. Paul International Airport (MSP), many scenic parks including Kaposia Landing and the Mississippi River Greenway. South St. Paul does not have rent stabilization ordinances which allows an owner the freedom to continue to renovate and improve and increase its annual gross income.

Property Facts

• Year Built: 1978

• Units: 12 garden style apartments

• Square Footage: Building total 10,902 sqft / garage total 1,600 sqft

• Zoning: Multiple-dwelling

• Parking: 4 detached two-car garage stalls / plus 14 off-street parking spots

• Exterior: All-brick and stucco exterior

• Heating: Individual electric baseboard heating / tenants pay their own unit heat

• Air Conditioning: In the wall air conditioning units / seller owned

• Roof: Flat roof on the 12-units and a newer pitched roof on the garages

• Balconies: The eight units on the upper two floors feature balconies with newer patio doors

• Patios: Two south facing garden units have private patios

• Laundry: Two sets of Maytag coin laundry machines / seller owned

• Storage: There are three hallway storage lockers that produce extra income

Unit Description

• 11 - Two Bedroom, One Bath - Approx. 800+ Sqft. / Average rent $1,337.00

• 1 - One Bedroom, One Bath - Approx. 600+ Sqft / Average rent $1,135.00

Property Improvements

• Hallways and Common Areas Recently Painted and carpeted (2024)

• Newer Hot Water Heater

• Brand New Water Softener System (2025)

• Exterior concrete steps new (2025)

• Newer Double-Hung Windows Throughout the Building

• Apartment entrance doors recently replaced

• Five of the twelve apartments have been totally renovated from top to bottom with newer luxury vinyl plank flooring (LVP), carpet in bedrooms, new trim and doors, fresh paint, new tiled bathrooms and vanities, new custom kitchen cabinets and granite countertops, patio doors, new light fixtures, new blinds, and stainless steel appliance package.

Price: $1,649,000.00

Minneapolis, MN - 3412 Bloomington Ave - 18 UNITS - $1,700,000

Bloomington Square Apartments is located in the heart of South Minneapolis close to many shops, parks and employment.  Built in 1962 this property features a total of 18-units with a mix of twelve 2bd, 1ba and six 1bd, 1ba along with a whole lower fourth level with four tuck under garages. There is plenty of extra storage and off-street parking. The exterior is maintenance free with brick and stucco and newer vinyl replacement windows. The building sits on 0.28 acres and is only a short block from the desirable Powderhorn Park.  Onsite laundry and extra storage lockers. Fully leased and located in a non-rent controlled city of Minnesota.

Property Facts

• Year Built: 1962

• Square Footage: 15,320

• Units: 18

• Zoning: Multiple-Dwelling

• Parking: 4 Attached Garage Stalls w/ Openers Plus 16 Off-Street Parking Spots

• Exterior: All Brick and Stucco Exterior

• Heating: Gas Fired Forced Air Hot Water Boiler System

• Air Conditioning: In the Wall Air Conditioning Units

• Roof: Flat Roof - Newer in Age

Unit Description

• 12 - Two Bedroom, One Bath - Approx. 800+ Sqft.

• 6 - One Bedroom, One Bath - Approx. 600+ Sqft

Property Improvements

• Hallways and Common Areas Recently Painted

• Newer Hot Water Heater

• Newer Double-Hung Windows Throughout the Building

Price: $1,700,000.00

Richfield, MN - 7444 Cedar Ave S - 23 UNITS - $2,650,000

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. The asset sits on over 0.88 acres, on a bus route, and close to the Mall of America! Prime for a re-development opportunity!

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 that is fully occupied and turn-key in a non-rent controlled city on Minnesota!

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 (2014), brand new commercial grade water heater replaced in 2023, and a newer roof on both the building and garages replaced in 2014. In 2025 all the electrical panels were swapped out with new breakers making this asset easier to insure.

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: Hot Water 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

• 2025: New Electrical Panels with Circuit Breakers

• 2023: 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: $2,650,000  

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

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