220 SW Maple, Elysian, MN 56028

$2,400,000
2
BD
1
Full Bath
17,280
SqFt

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List Price
$2,400,000
MLS#
7039821
Property Type
Multifamily
Bedrooms
2
Total Bathrooms
1
Full Bathrooms
1
Sqft. of Residence
17,280

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.

Additional Information

Living Area
17,280
Stories
2 Story
Style
4-plex
Area
ELYSN/WATERVLE

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Listing courtesy of Listing Agent: REBECCA THATE (rebeccathate@gmail.com) from Listing Office: Re/Max Advantage Plus Mankato.