2419 Fryklund Drive SW is four side by side townhomes all with three bedroom and two full bathrooms. Built in 2000 slab on grade construction. Fully occupied with rental leases running through spring/summer of 2026. Tenants pay for all their own utilities. Owners expenses are taxes, insurance, lawn care, and snow removal.
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 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!
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.
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