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Oaks Apartments 905 E Fifth St 11 Unit Apartment Building $429,900 ($39,082/Unit) 8.11% Cap Rate Blue Earth, MN 56013
Investment Highlights
- Low Vacancy Rate, Class "C" Consistent Cashflow/Income Provider, Walk to Kwik Trip, Tenants Pay Their Own Utilities, Cion Operated W/D Included.
Executive Summary
The Oaks Apartments are located in an "Opportunity Zone." There are eleven units with a mix of two studio, three one bedroom, five two bedroom, and one three bedroom apartments. The units are well maintained with all repair and maintenance issues addressed promptly and professionally. The Oaks Apartments offers a low vacancy and turn over rate. There are some long term tenants. There is plenty of parking for residents and guests with coin operated laundry on site. Low maintenance vinyl and stone exterior with a metal roof. The Oaks runs like a well oiled machine!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $429,900 | Apartment Style | Low-Rise |
| Price Per Unit | $39,082 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 8.11% | Building Size | 12,014 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 5.4 | Year Built/Renovated | 1955/2000 |
| No. Units | 11 | Parking Ratio | 0.92/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | 233 - Multi-family Res. | ||
| Price | $429,900 |
| Price Per Unit | $39,082 |
| Sale Type | Investment |
| Cap Rate | 8.11% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 5.4 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 12,014 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2000 |
| Parking Ratio | 0.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 233 - Multi-family Res. |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 21.200.5860 | Total Assessment | $279,400 |
| Land Assessment | $84,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $194,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
21.200.5860
Land Assessment
$84,500
Improvements Assessment
$194,900
Total Assessment
$279,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Oaks Apartments | 905 E Fifth St
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