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

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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.

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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
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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  • Listing ID: 31534760

  • Date on Market: 4/17/2024

  • Last Updated:

  • Address: Oakview Drive Multi-Family For Sale, Saint Charles, MN

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