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31435216
31435217

220 SW Maple Ave, Elysian, MN 56028

RT
MN MN 20422215
Rebecca Thate Real Estate
Listed by Rebecca Thate Real Estate
$2,400,000
63 days on market
Updated 63 days ago

Hidden Meadows

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 17,280
Price per SqFt $139

Multifamily

Marketing 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.

Listing Contacts

RT
MN MN 20422215
Rebecca Thate Real Estate
Listed by Rebecca Thate Real Estate

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Additional Information

Name
Rebecca Thate
License
MN 20422215
Brokerage
RE/MAX ADVANTAGE PLUS
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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