5 Beds
3 Baths
17,280 SqFt
5 Beds
3 Baths
17,280 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 17,280 sqft
Price per Sqft $138
Subdivision Hidden Meadows
MLS Listing ID 7046788
Bedrooms 5
Year Built 2021
Annual Tax Amount $24,772
Tax Year 2026
Contingent None
Lot Size 2.150 Acres
Lot Dimensions 2.15
Property Sub-Type Fourplex
Property Description
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
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Forced Air
Fireplace No
Laundry Electric Dryer Hookup, Laundry Closet, In Unit, Washer Hookup
Exterior
Parking Features Parking Lot, Paved Lot
Building
Lot Description Corner Lot, Underground Utilities
Story Two
Foundation 11552
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Waterville-Elysian-Morristown
Others
Virtual Tour https://mn-home-tours-1.aryeo.com/sites/rmobkzwm/unbranded
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