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

• 2015: Total Flat Roof Replacement

Price: $750,000

Janesville, WI - 309-313 W Milwaukee St - 7 UNITS MIXED-USE - $650,000

Situated on W Milwaukee Street in the heart of downtown Janesville, a walkable corridor with restaurants, retail, and civic amenities.​ High foot traffic street with strong visibility for commercial tenants.​ Stable mixed-use income stream. Seven income-producing units spanning two asset classes (four residential apartments and three commercial storefronts), providing the kind of diversification that pure residential or pure retail properties cannot offer.​

Low operating expenses. 2025 property taxes of just $4,280, owner-paid utilities capped at residential units only, updated mechanical systems, and a zero landscaping footprint combine to produce a total operating expense ratio well below comparable mixed-use assets.​  Huge value-add upside! Residential rents running $225 to $350 below comparable units on the same corridor.​ Renovated comps pushing even higher.​ One storefront delivered vacant at closing offering a new owner immediate income upside on the retail side.​

Saint Paul, MN - 1145 7th St W - 7 UNITS - $699,900

WEST 7TH STREET APARTMENTS IS A CLASSIC ALL-BRICK SEVEN-UNIT BUILDING CLOSE TO DOWNTOWN SAINT PAUL, THE MALL OF AMERICA, AND THE MPLS/ST.PAUL INTERNATIONAL AIRPORT. THIS PROPERTY HAS BEEN VERY WELL MANAGED AND CARED FOR OVER THE YEARS, CLEAN AND CONSTRUCTED IN 1966. RESIDENTS ENJOY THE OFF-STREET PARKING LOT ALONG WITH THE OPTION TO RENT ONE OF THE FOUR GARAGES. THERE IS ONSITE COIN LAUNDRY AND EXTRA STORAGE LOCKERS FOR RESIDENTS. CURRENTLY ALL THE UNITS ARE RENTED AND EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC. OWNER PAYS HEAT, WATER AND TRASH. ALL FOUR UPPER APARTMENTS FEATURE OAK HARDWOOD FLOORING AND THEY ALL HAVE WALL AIR CONDITIONING UNITS. SPACIOUS ROOMS AND ONE OF THE LOWER LEVEL UNITS IS A SPECIAL TWO-BED TWO-BATHROOM UNIT! ORIGINALLY BUILT WITH AN OFFICE THERE IS A WAY TO CONVERT BACK TO 7 UNITS PLUS OFFICE OR MAKE THE SPACE BEHIND THE LAUNDRY ROOM ANOTHER 8TH UNIT. INCREASE CASH FLOW BY IMPLEMENTING A RATIO UTILITY BILLING SYSTEM (RUBS) TO CAPTURE MORE INCOME. A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON THEIR INVESTMENT! NET OPERATING INCOME $57,272.08 AND A TRUE 8.18+ CAP RATE