Saint Paul, MN - 1709 Shields Ave - 8 UNITS - $1,250,000

1709 Shields Avenue is just blocks away from the Minnesota United soccer stadium and is in a very desirable and walkable Merriam Park neighborhood of Saint Paul, MN. Solidly built in 1927, this all brick exterior three story building just underwent a complete renovation in 2024-2025! The main and upper floors feature eight apartments that all received new bathrooms and new kitchens with stainless-steel appliance packages including microwaves! The original oak hardwood flooring in the kitchens, dining areas and bedrooms were refinished and walls freshly painted. Common area hallways were cleaned up with new paint and carpet. New tenants have just recently moved in on four of the eight units and the other four are currently being marketed for late spring and summer move-ins. These are the first tenants moving in since the renovation was completed. The lower level offers residents a laundry room with newer machines. All the electrical panels were replaced last year in 2024 with new 100 amp panels, 240 volt range wires to each of the units, and a new electrical service run to the building. Some units still have original closet and bedroom doors and built in closets. The real opportunity for a new buyer is that the lower level has two units that could be put back into service with very minimal work. Each of these two units have separate electric panels and a new 240 volt wire run for the stoves. A new buyer could make each of these into 2-bedroom, 1-bath apartments or into offices, storage units, or use the spaces for themselves. Back when The Fairview Hospital owned this building they used these as classrooms in the basement and the apartments were for traveling nurses. The parking lot has plenty of off-street parking to the east of the building with 16 parking spaces plus one handicap spot. This asset is truly unique and one of a kind and can’t be compared to other similar sized apartment buildings in the city! All showings through the listing agent.

Minneapolis, MN - 6141 Nicollet Ave S - 11 UNITS - $1,745,000

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 7.87% IS BASED ON A NET OPERATING INCOME $137,250+

Minneapolis, MN - 5740 Sander Dr - 11 UNITS - $1,130,000

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. CALL FOR MORE DETAILS!

Minneapolis, MN - 5753 Bossen Terrace - 6 UNITS - $570,000

BOSSEN TERRACE OFFERS FIVE 1-BD AND 1-STUDIO APARTMENTS. CONSTRUCTED IN 1961 FEATURES ALL-BRICK EXTERIOR WITH NEWER LARGE WINDOWS, CLEAN COMMON AREAS AND COIN OPERATED  WASHER AND DRYER. RESIDENTS PAY FOR THEIR OWN UNIT ELECTRIC. OWNER PAYS FOR HEAT, WATER AND TRASH. LOCATED CLOSE TO MOA, AIRPORT, AND DT MPLS!!

Saint Peter, MN - 216 & 218 S. Minnesota Ave - 8 UNITS MIXED-USE - $775,000

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 8.38% WITH ROOM TO RAISE RENTS ORGANICALLY OVER THE NEXT 1-2 YEARS IN A NON RENT CONTROLLED CITY. CURRENTLY THE NET OPERATING INCOME IS $64,956 - CALL TO GET MORE FINANCIALS!

Saint Peter, MN - 224 S. Minnesota Ave - 5 UNITS MIXED-USE - $625,000

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 7.4% AND NET OPERATING INCOME OF $46,225 - CALL FOR MORE FINANCIALS.

Saint Paul, MN - 52 & 58 Douglas St - 8 UNITS - $895,000

DOUGLAS STREET FLATS IS A UNIQUE ONE PARCEL TWO BUILDING 8-UNIT INVESTMENT OPPORTUNITY VERY 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. METICULOUSLY CLEAN AND WELL MAINTAINED! ORIGINALLY BUILT AND CONSTRUCTED IN 1890. RESIDENTS ENJOY HOW SPACIOUS THEIR UNITS ARE WITH OVER 800 SQUARE FEET AND HOW THEY FEEL LIKE INDIVIDUAL CONDOS WITH WINDOWS FACING THREE DIRECTIONS. EACH APARTMENT FEATURES A STACKABLE WASHER AND DRYER UNIT, HARDWOOD FLOORS, AND IS A CORNER UNIT. THE LOWER LEVELS HAVE SUPER LARGE STORAGE LOCKERS FOR RESIDENTS. CURRENTLY ALL THE UNITS ARE RENTED AND EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC WHICH COVERS THE ELECTRIC BASEBOARD HEAT. OWNER PAYS FOR WATER, TRASH, AND GAS FOR WATER HEATERS. A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON THEIR INVESTMENT!

Saint Peter, MN - 122 S. Minnesota Ave - 25 UNITS MIXED-USE - $1,850,000

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 SPACES, 3-STORY ROW HOUSES, AND SECOND & THIRD FLOOR APARTMENTS. THE TOTAL GROSS BUILDING SQUARE FOOTAGE IS JUST OVER 24,000+. AFTER THE DEVASTATING 1998 TORNADO, A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. 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 $171,177+ / CAP RATE 9.25 %

Saint Paul, MN - 1145 7th St W - 7 UNITS - $735,000

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!

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 - $3,300,000

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.  

Fill out the form below to Download Offering Memorandum

Saint Paul, MN - 523 Lexington Pkwy N - 6 UNITS - $579,900

CLASSIC ALL BRICK 6-UNIT LOCATED IN THE HEART OF THE MIDWAY IN SAINT PAUL, MN. THIS BUILDING IS VERY CLEAN AND VERY WELL MAINTAINED BY THE CURRENT LONG TERM OWNER! THERE ARE FOUR ONE-BEDROOM AND ONE EFFICIENCY APARTMENTS, PLUS A MAIN FLOOR OFFICE COMMERCIAL SPACE. THE OFFICE UNIT HAS POTENTIAL TO BE CONVERTED INTO ANOTHER ONE BEDROOM APARTMENT OR COMBINED WITH THE APARTMENT NEXT DOOR. ALL THE UNITS ARE EASY TO KEEP RENTED WITH PROVIDED OFF-STREET PARKING AND HEAT, WATER, AND TRASH INCLUDED IN RENT. EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC SERVICE. THE PITCHED ROOF HAS BEEN REPLACED IN THE LAST 12 YEARS AND HAS BEEN RECENTLY CHECKED FOR STORM DAMAGE WHICH THERE IS NONE. THERE IS ORIGINAL HARDWOOD FLOORS AND TRIM THROUGHOUT THE PROPERTY WHICH GIVES IT CHARACTER FROM WHEN IT WAS BUILT IN 1922. THE OFF-STREET PARKING LOT IN THE REAR GIVES RESIDENTS A SAFE PLACE TO PARK. THE LOWER LEVEL BASEMENT HAS ADDITIONAL POTENTIAL TO IMPROVE INCOME BY ADDING RENTABLE STORAGE UNITS OR ANOTHER 7TH UNIT. CURRENTLY 100% OCCUPIED. A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON INVESTMENT! THE SELLER WOULD CONSIDER AN OFFER WITH OWNER FINANCING!! $579,900.00

Richfield, MN - 6413 Pleasant Ave S - 11 UNITS - $1,250,000

PLEASANT AVE APARTMENTS IS A VERY CLEAN, FULLY RENTED, AND WELL MAINTAINED 11-UNIT MULTI-FAMILY BUILDING 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 HIGH EFFICIENCY HOT WATER BOILER WAS BRAND NEW IN THE SPRING OF 2024 AND IS LESS THAN A YEAR OLD. THIS ASSET IS MANAGED PROFESSIONALLY BY THE OWNER, NO DELINQUENCIES, AND IN TURN-KEY CONDITION!! NEW PRICE $1,250,000

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!!

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.

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!!

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