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220 Maple Ave SW, Elysian, MN 56028

  • $2,400,000

  • 5

    bed

  • 3

    bath

  • 17,280

    Sqft ($139/Sqft)

Multi-family for sale 39 days
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About 220 Maple Ave SW

Property type Multi-family
Neighborhood
Year built 2021
HOA fee $0/month
Lot size 2.15 Acre
Movoto estimate
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.
Listed by
Listing Agent - Rebecca Thate
Listing Office - RE/MAX Advantage Plus
Source: Northstar MLS mls logo
MLS#7046788 • last updated 1 month ago
Movoto checked Northstar MLS for data 13 minutes ago
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Overview
Heating Forced Air
Levels/Style Two
Virtual Tour External Link
MLS # 7046788
Type Residential Income
Virtual Tour 2 Https://mn-home-tours-1.aryeo.com/sites/ekpnvyqg/unbranded
SubType Fourplex
Property Tax 24772
Tax Assessment 32158
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Total # of Bathrooms 3
# Bedrooms 5
Laundry Electric Dryer Hookup, Laundry Closet, In Unit, Washer Hookup
Accessibility Features Doors 36"+, Other
Exterior
Construction Frame
Parking Desc Parking Lot, Paved Lot
Lot Desc Corner Lot, Underground Utilities
Amenities / Utilities
Water Source City Water/Connected
Location
County Le Sueur
Subdivision Hidden Meadows
High School District Waterville-Elysian-Morristown
APN 164260030
Zoning Residential-Multi-Family
Multifamily Details
Tenant Pays All Utilities, Cable TV, Electricity, Gas, Heat, Telephone, Water
Owner Pays Exterior Maintenance, Grounds Care, Insurance, Repairs, Snow Removal, Taxes, Trash Collection
Total # of Units 4
Annual Gross Income 243000
Expense: Trash 4882
Operating Expense 61692
Expense: Insurance 14001
Expense: Maintenance 904
Expense: Electricity 2972
Lot/ Land Details
Road Frontage City Street, Paved Streets
Add'l Parcels Desc 164260020, 164260010
Present Use Yearly
Road Responsibility Public Maintained Road
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Source: GreatSchools.org © 2026. All rights reserved.

Around Hidden Meadows

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  • Real Estate
  • MN
  • Le Sueur County
  • Elysian
  • 56028
  • 220 Maple Ave SW

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