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Becky Boelter

becky@tlprealestate.com +1(320) 296-3225

$ 2,400,000

Est. payment | -/mo

36 Beds

20 Baths

17,280 SqFt

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$ 2,400,000

Est. payment | -/mo

Save Virtual Tour

36 Beds

20 Baths

17,280 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,280 sqft

Price per Sqft $138

Subdivision Mn

MLS Listing ID 7039821

Style 4-plex

Bedrooms 36

Full Baths 1

Construction Status Previously Owned

Abv Grd Liv Area 17,280

Total Fin. Sqft 17280

Annual Tax Amount $24,772

Tax Year 2026

Lot Size 2.150 Acres

Acres 2.15

Lot Dimensions 2.15 acres

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres. This is true turnkey investing—all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring modern, low-maintenance finishes including LVP flooring, stainless appliances, spacious kitchens with islands, in-unit laundry, and separate HVAC systems. Private patios/decks, strong natural light, and ample off-street parking enhance tenant appeal and support consistent occupancy. Investment Highlights: 17,208 finished sq ft, 16 units, 36 bedrooms, 20 bathrooms, Gross annual income: $243,000, Operating expenses: $61,692 Strong in-place cash flow with efficient expense ratio. Newer construction = reduced capital expenditure risk. With limited comparable inventory of newer multi-family assets, this portfolio offers a compelling blend of stability, efficiency, and scalability. Ideal for investors seeking immediate yield with long-term hold potential. Offered as a package. Full financials and rent roll available upon request.

Location

State MN

County Le Sueur County

Area Elysn/Watervle

Direction SW

Interior

Heating Forced Air

Appliance Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer

Exterior

Exterior Feature Stone, Vinyl

Parking Features None

Garage Description None

Amenities Available Ceiling Fans, Eat-In Kitchen, Kitchen Center Island, Natural Woodwork, Washer/Dryer Hookups, # Off Street Prkng Sp (L)

Roof Type Asphalt Shingles

Farm No

Total Parking Spaces 2

Building

Lot Description Corner Lot, Landscaped, Paved Streets, Telephone

Story 2 Story

Foundation 11552

Sewer City

Water City

Structure Type Frame/Wood

Construction Status Previously Owned

Schools

School District Waterville-Elysian-Morristown #2143

Others

Energy Description Natural Gas

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://mn-home-tours-1.aryeo.com/sites/rmobkzwm/unbranded

Listed by Re/Max Advantage Plus Mankato

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Becky Boelter

+1(320) 296-3225

becky@tlprealestate.com

220 SW Maple Avenue Elysian, MN 56028

Becky Boelter

Key Details

Location

Interior

Exterior

Building

Schools

Others

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220 SW Maple Avenue