Red Wing, MN - 201 Plum St - 9 UNITS MIXED-USE - $1,349,900

LOCATED IN THE HEART OF DOWNTOWN RED WING’S CENTRAL BUSINESS DISTRICT IS THIS WELL CONSTRUCTED ALL-BRICK MIXED-USE INVESTMENT PROPERTY FEATURING FOUR COMMERCIAL SPACES AND FIVE APARTMENTS!! THE MAIN FLOOR OFFERS 4,800 SQUARE FEET OF RETAIL, OFFICE, OR RESTAURANT SPACE DIVIDED INTO FOUR SEPARATE 1,200 SQFT UNITS. CURRENTLY ALL FOUR COMMERCIAL SPACES ARE LEASED TO SOLID BUSINESS’S. THE MIDDLE TWO UNITS ARE LEASED BY ONE COMPANY. THE SECOND AND THIRD FLOORS ARE APARTMENTS THAT ARE FULLY LEASED AND EASY TO KEEP RENTED. TWO OF THESE UNITS HAVE VERY UNIQUE TWO STORY LAYOUTS AND ONE OF THE OTHER TWO BEDROOM UNITS FEATURE THREE LARGE SKYLIGHTS WHICH MAKES THE APARTMENT FEEL LARGER. THE KITCHENS AND BATHROOMS HAVE BEEN RENOVATED IN THE LAST 20 YEARS. THE BUILDING HAS RECEIVED NEWER WHITE TPO ROOFS, CUSTOM SIZE DOUBLE PANE WOOD WINDOWS, STYLISH BLACK AWNINGS, AND THE EXTERIOR BRICK WAS RECENTLY TUCK-POINTED. THE LOWER LEVEL BASEMENT HAS AN ADDITIONAL 4,800 SQUARE FEET OF STORAGE SPACE THAT DOES STAY DRY. 201 PLUM STREET IS A PROPERTY THAT IS VERY WELL MAINTAINED AND LOW MAINTENANCE. CURRENT ANNUAL GROSS INCOME OF $127,000. PERFECT FOR YOUR 1031 TAX EXCHANGE OR FOR RETIREMENT!!

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.

Saint Paul, MN - 1940 Grand Ave - 15 UNITS

HIGHLY ATTRACTIVE 1924 BUILT VINTAGE  BROWNSTONE IN SAINT PAUL OFFERING 15 WELL APPOINTED APARTMENTS. LOCATED JUST STEPS FROM THE UNIVERSITY OF SAINT THOMAS & WALKING DISTANCE TO CAFÉ’S, BOUTIQUE STORES, & RESTAURANTS ON GRAND AVENUE!! THE BUILDING RECEIVED ALL NEWER WINDOWS AND A 0.60 MIL PVC MEMBRANE ROOF IN 2023.  THE BOILER SYSTEM WAS FULLY REBUILT IN 2023. THERE IS A SIX CAR PARKING LOT BEHIND THE BUILDING AND AN ADDITIONAL TWO-CAR DETACHED GARAGE WITH OPENERS. APARTMENTS FEATURE THE ORIGINAL OAK HARDWOOD FLOORING, ORIGINAL BASEBOARD TRIM & MOULDING, AND LOTS OF ARCHITECTURAL DETAIL!! RENT ROLL AND FINANCIALS AVAILABLE UPON REQUEST WITH A SIGNED NDA.

Saint Paul, MN - 1621 St.Anthony Ave - 11 UNITS - $1,199,900

PRIME LOCATION ONE BLOCK FROM THE ALLIANZ SOCCER STADIUM IN ST.PAUL, MINNESOTA. ALL BRICK EXTERIOR FEATURING ELEVEN TWO-BEDROOM, ONE-BATH UNITS. EACH UNIT HAS A SIMILAR LAYOUT WITH APPROXIMATELY 750+ SQFT. PLENTY OF OFF-STREET PARKING SPACES IN THE REAR ASPHALT SURFACED LOT. BUILDING IS IN VERY CLEAN CONDITION AND IS PROFESSIONALLY MANAGED. SECURED ENTRY BUILDING AND OFFERS RESIDENTS LOWER LEVEL SEPARATE STORAGE LOCKERS AND COIN OPERATED LAUNDRY FACILITIES. NEWER WINDOWS AND ROOF IS APPROX. 11-12 YEARS OLD. VALUE-ADD OPPORTUNITY WITH MORE ROOM TO PUSH RENTS UP IN THIS MARKET. CURRENT IN-PLACE NET OPERATING INCOME IS $75,738. CALL FOR MORE DETAILS.

Stewartville, MN - 211 Main St N - 7-UNITS MIXED-USE - $229,000

OPPORTUNITY KNOCKS WITH THIS PREMIER DOWNTOWN STEWARTVILLE, MINNESOTA LOCATION!! HISTORIC 1896 BUILT MIXED-USE FEATURING TWO LARGE MAIN FLOOR RETAIL COMMERCIAL SPACES. ONE SIDE HAS BEEN RECENTLY LEASED FOR TWO YEARS TO A JEWELRY MAKER FOR $800/MONTH. THE OTHER RETAIL SPACE WAS AN ANTIQUE STORE AND CURRENTLY VACANT. IT WOULD BE PERFECT FOR AN OWNER USER. THE SECOND FLOOR OFFERS FIVE APARTMENTS WITH TWO CURRENTLY RENTED FOR $750 & $950 A MONTH. APARTMENT UNIT MIX IS THREE 2BD, 1BA, ONE 1BD, 1BA, AND ONE STUDIO, 1BA. COIN LAUNDRY IS OWNED (ONE WASHER & ONE DRYER). ALL BRICK EXTERIOR WITH STONE WINDOW SILLS AND LARGE WINDOWS. ALL UTILITIES ARE SEPARATELY METERED WITH ALL NEW ELECTRICAL WIRING AND SERVICE PANELS DONE IN LAST 20 YEARS. THE SALE INCLUDES AN EXTRA PARCEL IN THE REAR ALLEY THAT IS 28 FEET BY 95 FEET AND HAS ROOM FOR NINE OFF-STREET PARKING SPOTS. A NEW OWNER COULD BUILD GARAGES OR STORAGE UNITS ON THIS LOT. THIS PROPERTY NEEDS A LOT OF COSMETIC WORK AND IS THE PERFECT INVESTOR VALUE-ADD OPPORTUNITY!!!

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!

Saint Peter, MN - 216 & 218 S. Minnesota Ave - 8 UNITS MIXED-USE - $850,000

OPPORTUNITY KNOCKS WITH THIS EIGHT UNIT MIXED-USE BUILDING FOR SALE. THE PROPERTY IS LOCATED IN THE CENTRAL BUSINESS DISTRICT IN DOWNTOWN SAINT PETER, MN. THE MAIN FLOOR HAS TWO LARGER RETAIL AND/OR OFFICE SPACES AND ARE CURRENTLY LEASED. THE SECOND AND THIRD FLOORS FEATURE SIX LOFT STYLE APARTMENTS WITH TALL CEILING HEIGHT AND SOME EXPOSED BRICK. THE EXTERIOR IS ALL BRICK AND HAS RECEIVED ALL NEWER WINDOWS AND BLACK AWNINGS. THERE IS A PARKING LOT IN BACK FOR TENANTS AND ALSO AN ATTACHED GARAGE. THE LOWER LEVEL IS USED FOR STORAGE AND COULD BE AN OPPORTUNITY FOR MORE 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 AND OWNER PAYS FOR THE BOILER HEAT, WATER, AND TRASH. IN-PLACE CAP RATE IS 7.31% WITH ROOM TO RAISE RENTS ORGANICALLY OVER THE NEXT 1-2 YEARS IN A NON RENT CONTROLLED CITY. CURRENTLY THE NET OPERATING INCOME IS $62,109 - CALL TO GET MORE FINANCIALS!

Saint Peter, MN - 224 S. Minnesota Ave - 5 UNITS MIXED-USE - $650,000

THIS DOWNTOWN ICONIC SAINT PETER MINNESOTA PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ACQUIRE A UNIQUE ALL BRICK AND KASOTA LIMESTONE FIVE-UNIT MIXED-USE PROPERTY!! THE BUILDING FEATURES TWO LARGE MAIN FLOOR RETAIL UNITS. ERBERTS & GERBERTS IS ONE OF THESE ANCHOR TENANTS AND HAS A LONG LEASE IN PLACE. THE SECOND FLOOR FEATURES TWO OVERSIZED LOFT STYLE APARTMENTS WITH TALL CEILINGS. THE LOWER LEVEL IS LEASED TO A GOOD STANDING LONG TERM TENANT. THE WHOLE ASSET IS FULLY LEASED AND IN TURN-KEY CONDITION!! AMAZING EXTERIOR CURB APPEAL. MOST UTILITIES ARE PAID BY TENANTS. ROOF IS 1998 AND WINDOWS HAVE BEEN REPLACED. IN-PLACE CAP RATE OF 7.02% AND NET OPERATING INCOME OF $45,625 - CALL FOR MORE FINANCIALS.

Wabasso, MN - 1173 Dewey St - 28 UNITS - $875,000

HERITAGE PRAIRIE, LOCATED IN WABASSO, MINNESOTA, IS THE NICEST & MOST WELL-MAINTAINED APARTMENT BUILDING IN A  30-MILE RADIUS. THIS  PROPERTY OFFERS INVESTORS AN OPPORTUNITY  TO  ADD VALUE THROUGH STABILIZATIPON AND LEASE RENEWALS. THE LAUNDRY ROOMS ARE UPDATED & THERE IS A COMMUNITY ROOM WITH A FULL KITCHEN! CURRENT IN PLACE CAP RATE 8%

Lakeland, MN - 180 St.Croix Trail N - 3 UNITS - $649,900

PREMIER LAKELAND, MINNESOTA LOCATION! JUST A SHORT WALK TO THE PRESTIGIOUS ST.CROIX RIVER!! MINUTES FROM AFTON, HUDSON, AND STILLWATER DOWNTOWNS!! ENJOY ALL THAT THIS AREA HAS TO OFFER WITH BOATING, MARINAS, BEACHES, HIKING TRAILS, SHOPPES, RESTAURANTS, AND MORE!! THIS PROPERTY IS AN IDEAL OPPORTUNITY FOR THE DISCERNING INVESTOR OR OWNER-OCCUPANT LOOKING FOR THE PERFECT BLEND OF CONVENIENCE AND OUTDOOR LIVING. MANY NEWER UPGRADES TO THE EXTERIOR THAT INCLUDE: NEWER ROOFS, GUTTERS, ASPHALT DRIVEWAY, SOFITD, FACIA, BRICK MOLDING, CEDAR FENCE, UPDATED LANDSCAPING, NEW LIGHTING, AND EXTERIOR PAINTING! THREE WELL APPOINTED APARTMENTS INCLUDE TWO ONE-BEDROOM AND ONE -TWO-BEDROOM UNITS!! THE TWO-BEDROOM IS CURRENTLY OWNER-OCCUPIED AND WOULD BE VACANT AT CLOSING. THE OTHER TWO ONE-BEDROOM, ONE BATHROOM APARTMENTS ARE ON MONTH-TO-MONTH LEASES.

Richfield, MN - 6413 Pleasant Ave S - 11 UNITS - $1,349,900

PLEASANT AVENUE APARTMENTS IS A VERY CLEAN AND WELL MAINTAINED 11-UNIT LOCATED IN THE HEART OF RICHFIELD, MINNESOTA. THE OWNERSHIP GROUP HAS COMPLETED 10 OF THE 11 UNITS WITH HIGH END KITCHEN REMODELS INCLUDING NEWER CABINETS, COUNTER TOPS, AND ENERGY EFFICIENT STAINLESS STEEL APPLIANCE PACKAGES WITH DISHWASHERS. TWO OF THE APARTMENTS HAVE BUILT-IN MICROWAVES. EXTERIOR UPDATES INCLUDE NEWER WINDOWS, FACIA AND GUTTERS, A NEWER ROOF REPLACED IN 2104, AND SECURED FRONT AND BACK ENTRY DOORS WITH SIDELITES. THE HOT WATER BOILER WAS REPLACED WITH A HIGH EFFICIENCY BOILER IN THE SPRING OF 2024. MANAGED PROFESSIONALLY BY THE OWNER, NO DELINQUENCIES, AND IN TURN-KEY CONDITION!!

Saint Peter, MN - 122 S. Minnesota Ave - 25 UNITS MIXED-USE - $1,899,000

**ASSUMABLE LOAN OPTION** 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 TOWNS MAIN HOTEL HANGOUT THIS PROPERTY HAS SINCE BEEN CONVERTED INTO MAIN FLOOR AND LOWER LEVEL COMMERCIAL, 3-STORY ROW HOUSES, WITH SECOND AND THIRD FLOOR APARTMENTS. TOTAL GROSS BUILDING SQUARE FOOTAGE JUST OVER 24,000+. JUST AFTER THE DEVASTATING 1998 TORNADO A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, THE WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. BOTH THE MAIN FLOOR AND LOWER LEVEL HAVE LONG STANDING COMMERCIAL TENANTS. 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 $168,897+ / CAP RATE 8.89 %

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.

Hudson, WI - 1626 Pinewood Ln - 4 UNITS - $699,000

PREMIER HUDSON, WISCONSIN LOCATION WITH ALL TWO-BEDROOM, ONE-BATHROOM UNITS. EVERY UNIT INCLUDES A SEPARATE DETACHED GARAGE WITH OPENER. ALL RESIDENTS PAY FOR THEIR OWN UNIT ELECTRIC HEAT AND WATER & SEWER UTILITIES. THE PROPERTY IS WELL CARED FOR AND IN CLEAN CONDITION!! THREE OF THE FOUR UNITS HAVE BEEN REMODELED!! OWNER HAS VERY LOW EXPENSES ON THIS 4-PLEX. IN-PLACE NET OPERATING INCOME IS $39,274.08. TURN-KEY ASSET!! HURRY!!

Richfield, MN - 7444 Cedar Ave S - 23 UNITS - $3,100,000

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.

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 with 10 garages in Richfield, MN!

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: $3,100,000  

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

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