Saint Paul, MN - 1631 Charles Ave - 15 UNITS - $1,449,000

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. All units are currently occupied and leased and ready for new owners to take over!! Stabilized with zero delinquencies - 6.87% Cap Rate!!

Minneapolis, MN - 6141 Nicollet Ave S - 11 UNITS - $1,730,000

THE NICOLLET AVE APARTMENTS OFFERS INVESTORS A HIGHER RETURN FOR THEIR MONEY THEN MOST DEALS ON THE MARKET TODAY!! THE OWNER HAS CAREFULLY RENOVATED EVERY UNIT WITH NEWER KITCHENS, NEWER BATHROOMS, ALL NEW LIGHTING AND PLUMBING FIXTURES, NEW CARPET, REFINISHED ORIGINAL OAK HARDWOOD FLOORING, AND NEW TILE AND QUARTZ COUNTERTOPS!! EACH KITCHEN HAS ALSO RECEIVED A COMPLETE STAINLESS-STEEL APPLIANCE PACKAGE THAT INCLUDES FULL-SIZE DISHWASHERS. THE LAUNDRY MACHINES ARE LEASED THROUGH BDS ON A REVENUE SHARED PROGRAM AND OFFERS RESIDENTS AN ELECTRONIC PAYMENT SYSTEM. THE OWNER HAS ALSO INCREASED REVENUE SIGNIFICANTLY BY IMPLEMENTING A UTILITY REIMBURSEMENT PROGRAM THROUGH RUBS. THIS ASSET WILL CHANGE HANDS FULLY RENTED AND STABILIZED WITH MARKET RENTS AND LEASES RUNNING THROUGH THIS FALL AND INTO SPRING 2026. THE CURRENT IN PLACE CAP RATE OF 7.93% IS BASED ON A NET OPERATING INCOME $137,250+

Minneapolis, MN - 5740 Sander Dr - 11 UNITS - $1,060,000

5740 SANDER DRIVE WAS WELL BUILT IN 1964 ON A LARGE 0.28 ACRE LOT IN SOUTH MINNEAPOLIS, MN. THE ALL BRICK EXTERIOR DESIGN FEATURES TEN ONE-BEDROOM APARTMENTS AND ONE TWO-BEDROOM. ALL OF THE UNITS HAVE A FULL BATHROOM, LARGE LIVING ROOM, GOOD SIZE EAT-IN-KITCHEN, AND LOTS OF CLOSET SPACE. THE LIVING ROOMS HAVE OVERSIZE PICTURE WINDOWS THAT ALLOW A TON OF NATURAL LIGHT INTO THE SPACE. ALL THE WINDOWS HAVE BEEN REPLACED RECENTLY. THE RESIDENTS ENJOY ONSITE LAUNDRY, OFF-STREET PARKING, AND BEING CLOSE TO TRANSPORTATION, THE MALL OF AMERICA, THE MPLS. AIRPORT, AND PLENTY OF EMPLOYMENT AND JOBS. THE CURRENT RENTS ARE BELOW MARKET AND OFFER A NEW OWNER THE OPPORTUNITY TO INCREASE CASH FLOW ON LEASE RENEWALS BY RAISING RENTS. AMAZING OPPORTUNITY! CALL FOR MORE DETAILS!

Minneapolis, MN - 2637 Pleasant Ave S - 21 UNITS

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, LVP FLOORING, LIGHTING FIXTURES, AND UPDATED APPLIANCE PACKAGES. 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.

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

HIDDEN LANE APARTMENTS IS A TURN-KEY STABILIZED 36-UNIT ASSET IN THE GROWING WESTERN WISCONSIN COMMUNITY OF NEW RICHMOND! THREE IDENTICAL BUILDINGS ALL WITH TWELVE TWO-BEDROOM, ONE-BATHROOM UNITS EACH! SLAB ON GRADE CONSTRUCTION. EVERY UNIT INCLUDES A DISHWASHER, MICROWAVE, AND A WASHER & DRYER PACKAGE. UNITS EITHER HAVE A MAIN FLOOR PATIO OR A SECOND FLOOR BALCONY. BALCONIES ARE SUPPORTED BY SOLID STEEL BEAMS AND TRUSSES. ENTRYWAYS AND COMMON HALLWAYS WERE ALL JUST PAINTED IN THE FALL OF 2024. PITCHED SHINGLED ROOFS ON BOTH THE BUILDINGS AND GARAGES WERE REPLACED IN 2017. THERE ARE 34 DETACHED SINGLE CAR GARAGES AND A NEWER ASPHALT PARKING LOT. CURRENT IN PLACE AVERAGE RENTS ARE $1,212.08 AND CAN GET TO AT LEAST $1,350.00+ WITH MINIMAL UNIT UPDATING. PROPERTY IS 100% OCCUPIED, HAS ROOM FOR ORGANIC RENT GROWTH, NO CITY OR GOVERNMENT RENT CONTROL, AND BUILT IN 2004!

Richfield, MN - 7444 Cedar Ave S - 23 UNITS - $3,150,000

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!

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, 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: $3,300,000  

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

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