Oakview Drive Multi-Family For Sale
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Oakview Drive Multi-Family For Sale
5 Residential Properties Offered at £3,638,393 in Saint Charles, MN
Investment Highlights
- Located between Rochester, MN and Winona MN
- 7.48% Cap Rate
- $100,000 plus in capital improvements in 2023
- Strong Historical Occupancy
- 10% GRM
- 1224 Oakview added to portfolio in May
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 $100,000 (2023) 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 $100,000 (2023) 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 - 2023) |
Annual |
---|---|
Gross Rental Income | £372,740 |
Other Income | £4,192 |
Vacancy Loss | - |
Effective Gross Income | £376,933 |
Taxes | - |
Operating Expenses | - |
Total Expenses | £105,675 |
Net Operating Income | £271,257 |
Taxes & Operating Expenses (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | £372,740 |
Other Income | |
---|---|
Annual | £4,192 |
Vacancy Loss | |
---|---|
Annual | - |
Effective Gross Income | |
---|---|
Annual | £376,933 |
Taxes | |
---|---|
Annual | - |
Operating Expenses | |
---|---|
Annual | - |
Total Expenses | |
---|---|
Annual | £105,675 |
Net Operating Income | |
---|---|
Annual | £271,257 |
Property Facts
Price | £3,638,393 | Status | Active |
Price / SF | £107.33 / SF | Number of Properties | 5 |
Sale Conditions | Portfolio Sale | Individually For Sale | 0 |
Net Initial Yield | 7.88% | Total Building Size | 33,900 SF |
Sale Type | Investment | Total Land Area | 3.15 AC |
Price | £3,638,393 |
Price / SF | £107.33 / SF |
Sale Conditions | Portfolio Sale |
Net Initial Yield | 7.88% |
Sale Type | Investment |
Status | Active |
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 | Residential | 9,400 SF | 1979 | - |
1112 Oakview Dr, Saint Charles, MN 55972 | Residential | 9,000 SF | 1979 | - |
1160 Oakview Dr, Saint Charles, MN 55972 | Residential | 9,000 SF | 1979 | - |
1260 Oakview Drive, Saint Charles, MN 55972 | Residential | 3,000 SF | 1979 | - |
1224 Oakview Dr, Saint Charles, MN 55972 | Residential | 3,500 SF | 1979 | - |
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Oakview Drive Multi-Family For Sale
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