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Oakview Drive Multi-Family For Sale 5 Multifamily Properties Offered at $4,500,000 in Saint Charles, MN



INVESTMENT HIGHLIGHTS
- Located between Rochester, MN and Winona MN
- 7.63% Cap Rate before 10% increase in rents
- $195,000 plus in capital improvements in 2024/2025
- Strong Historical Occupancy 10% increase in rents in 2025 tracking 100% renewal by October 2025
- 9.36% GRM
- 1224 Oakview added to portfolio in May 2024 35%-50% rent increase in 2025 to $1100/month
EXECUTIVE SUMMARY
Presenting an exclusive opportunity to acquire a meticulously maintained portfolio comprising 5 properties, all strategically positioned along the same block. This diverse collection features a total of 30 two-bedroom, 6 one-bedroom, and 8 three-bedroom units, offering a balanced mix to cater to various tenant demographics.
While easy to maintain not all units are currently optimized to their full market rental potential, recent capital investments totaling more than $195,000 (2024/2025) have been dedicated to enhancing the portfolio's appeal. These upgrades include comprehensive flooring and appliance enhancements, underscoring a commitment to elevating the tenant experience and maximizing value.
With a proven track record of strong historically low occupancy rates, and the lack of rental property in a 25 mile radius, these properties support rent increases and represent a stable and lucrative investment opportunity. Their prime location further adds to their allure, with a mere 30-minute commute to two major employment hubs: Winona, renowned for its prestigious universities and captivating Mississippi River attractions, and Rochester, the dynamic second-largest city in Minnesota boasting an array of shopping, dining, entertainment options, and Internationally known Mayo Clinic.
.
While easy to maintain not all units are currently optimized to their full market rental potential, recent capital investments totaling more than $195,000 (2024/2025) have been dedicated to enhancing the portfolio's appeal. These upgrades include comprehensive flooring and appliance enhancements, underscoring a commitment to elevating the tenant experience and maximizing value.
With a proven track record of strong historically low occupancy rates, and the lack of rental property in a 25 mile radius, these properties support rent increases and represent a stable and lucrative investment opportunity. Their prime location further adds to their allure, with a mere 30-minute commute to two major employment hubs: Winona, renowned for its prestigious universities and captivating Mississippi River attractions, and Rochester, the dynamic second-largest city in Minnesota boasting an array of shopping, dining, entertainment options, and Internationally known Mayo Clinic.
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TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$481,380
|
| Other Income |
$15,000
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$496,380
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$135,057
|
| Net Operating Income |
$361,323
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $481,380 |
| Other Income | |
|---|---|
| Annual | $15,000 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $496,380 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $135,057 |
| Net Operating Income | |
|---|---|
| Annual | $361,323 |
PROPERTY FACTS
| Price | $4,500,000 | Status | Under Contract |
| Price / SF | $132.74 / SF | Number of Properties | 5 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.63% | Total Building Size | 33,900 SF |
| Sale Type | Investment | Total Land Area | 3.15 AC |
| Price | $4,500,000 |
| Price / SF | $132.74 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.63% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 33,900 SF |
| Total Land Area | 3.15 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1097 Oakview Dr, Saint Charles, MN 55972 | Multifamily | 9,400 SF | 1979 | - |
| 1112 Oakview Dr, Saint Charles, MN 55972 | Multifamily | 9,000 SF | 1979 | - |
| 1160 Oakview Dr, Saint Charles, MN 55972 | Multifamily | 9,000 SF | 1979 | - |
| 1224 Oakview Dr, Saint Charles, MN 55972 | Multifamily | 3,500 SF | 1979 | - |
| 1260 Oakview Drive, Saint Charles, MN 55972 | Multifamily | 3,000 SF | 1979 | - |
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Oakview Drive Multi-Family For Sale
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