220 Maple Avenue SW
Elysian, MN 56028
Price: $2,400,000
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.
Basic Features:
| Style |
Fourplex |
| Type |
Residential Income |
| Zoning |
Residential-Multi-Family |
| Year Built |
2021 |
| School District |
Waterville-Elysian-Morristown |
| County |
Le Sueur |
| Lot Size |
2.15 |
| Acreage |
2.15 acres |
| Bedrooms |
5 |
| Total Baths |
3 |
| Lot Description |
Corner Lot,Underground Utilities |
| Above Grade |
17,280 sq ft |
| Number of Units |
4 |
| Tax $ / Year |
$24,772 / 2026 |
| Tax ID |
|
| Legal Description |
|
Additional Features
| Government Programs |
|
| Terrain Type |
|
| Roads |
City Street,Paved Streets |
| Basement |
None |
| Driveway |
|
| Electric |
Circuit Breakers,100 Amp Service |
| Exterior Features |
Frame |
| Foundation |
11552.00 |
| Fuel Source |
Natural Gas |
| Handicap Access |
Doors 36"+,Other |
| Heating |
Forced Air |
| Sewer Service |
City Sewer/Connected |
| Water Service |
City Water/Connected |
| Water Heater |
|
| Parking Lot |
Parking Lot,Paved Lot |
| Exterior Construction |
|
| Laundry |
E |
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