220 Maple Avenue SW,Elysian, MN 56028
Elysian, MN 56028
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.
Details
| MLS # | 7046788 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2021 |
| Days On Site | 180 |
| Listing Provided By | RE/MAX Advantage Plus | Rebecca Thate |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 17,280 |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 2.15 |
Interior
| Heating | Forced Air |
|---|
Exterior
| Construction Materials | Frame |
|---|---|
| Lot Features | Corner Lot, Underground Utilities |
Parking
| Parking Features | Parking Lot, Paved Lot |
|---|
Taxes
| Property | 24772 |
|---|
Area Information
| State | MN |
|---|---|
| County | Le Sueur |
| City | Elysian |
| Zip Code | 56028 |
| Community Name | Hidden Meadows |
| School District | 2143 |
| High School | Waterville-Elysian-Morristown |
| Listing VS Median (in Hidden Meadows) | |
Price: $2,400,000 low | high Med: $1,472,500 sqft: 17,280 low | high Med: 9,895 $ / sqft: $139 low | high Med: $178 On site: 180 low | high Med: 112 | |
Market Activity 56028
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Le Sueur |
| City | Elysian |
| Zip Code | 56028 |
| Community Name | Hidden Meadows |
| School District | 2143 |
| High School | Waterville-Elysian-Morristown |
| Listing VS Median (in Hidden Meadows) | |
Price: $2,400,000 low | high Med: $1,472,500 sqft: 17,280 low | high Med: 9,895 $ / sqft: $139 low | high Med: $178 On site: 180 low | high Med: 112 | |