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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#: 7039821
The Real Estate Advantage
Office: 952.226.7700
Presented by: Re/Max Advantage Plus

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 1No
Fireplace 2No
Fireplace 3No
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
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
HeatingForced Air
New DevelopmentNo
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

Adjacent to Public LandNo
Approx Lot Dimension2.15 acres
Construction TypeFrame/Wood
ExteriorStone, Vinyl
Exterior AmenitiesDeck, Patio
Foundation Size11552
Garage Spaces0
Garage TypeNone
Hobby FarmNo
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#: 7039821
The Real Estate Advantage
Office: 952.226.7700