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$2,400,000

8 Beds 5 Baths 17,280 SQFT 2.15 Acres
Type: Multi-Family

220 SW Maple Avenue
Elysian, MN 56028

MLS#: 267041660
The Real Estate Advantage
Office: 507.665.3777
Presented by: Parkway Real Estate

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.


 

Interior Features

Bedrooms

Total # of Bedrooms 12
Total # of Bedrooms 22
Total # of Bedrooms 33
Total # of Bedrooms 42

Bathrooms

Full Baths 11
Full Baths 21
Full Baths 32
Full Baths 41
Total # of Bathrooms 11
Total # of Bathrooms 21
Total # of Bathrooms 32
Total # of Bathrooms 41
1/2 Baths Unit 10
1/2 Baths Unit 20
1/2 Baths Unit 30
1/2 Baths Unit 40
1/4 Baths Unit 10
1/4 Baths Unit 20
1/4 Baths Unit 30
1/4 Baths Unit40
3/4 Baths Unit 10
3/4 Baths Unit 20
3/4 Baths Unit 30
3/4 Baths Unit 40

Other Interior Features

Fireplace 2No
Fireplace 3No
Fireplace 4No
Total Fin Square Footage17280
APPLIANCES 2Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
APPLIANCES 1Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
A/C Unit 1Central
A/C Unit 2Central
A/C Unit 3Central
A/C Unit 4Central
Appliances Unit 3Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
Basement FeaturesN/A
Basement MaterialN/A
Basement StyleSlab
Finished SqFt Above Grade17,280 sqft
Finished SqFt Below Grade0 sqft

General

Construction StatusPreviously Owned
HOA Fee$No
HOA Fee Amount$0
HeatingForced Air
Road FrontageCity, Curb/Gutters, Paved
RoofAsphalt Shingles
Sale/RentFor Sale
School DistrictWaterville-Elysian-Morristown #2
SewerCity
StatusActive
StatusACTIVE
Stories Count2 Story
Style4-plex
SubdivisionMN
WaterCity

Exterior

Approx Lot Dimension2.15
Construction TypeFrame/Wood
ExteriorStone, Vinyl
Exterior AmenitiesDeck, Patio
Foundation Size11552
Garage TypeNone
Lot Size Area2 sqft
Number of Off Street Parking32
WaterfrontNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$2,400,000

8 Beds 5 Baths 17,280 SQFT 2.15 Acres
Type: Multi-Family

220 SW Maple Avenue
Elysian, MN 56028

MLS#: 267041660
The Real Estate Advantage
Office: 507.665.3777