Saint Paul, MN - 1145 7th St W - 7 UNITS - $725,000

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! A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON THEIR INVESTMENT! NET OPERATING INCOME $50,974 AND A TRUE 7+ CAP RATE

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!

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.

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