For Sale: Elysian MLS# 7046788
Active
NEW!
$2,400,000
Multi-family: Fourplex
5 br • 3 ba • Built 2021
17,280 sqft • 2.15 acres
MLS# 7046788
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Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,400,000
Price per sq ft:
$139
Property Type:
Multi-family
City:
Elysian
Garage Spaces:
0
County:
Le Sueur
Year Built:
2021
State:
MN
Property Style:
Fourplex
Zip Code:
56028
Subdivision Name:
Hidden Meadows
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
17,280 ft2
Living Area:
17,280 ft2
Refrigerators:
One Per Unit
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0x0
Foundation Size:
11,552 ft2
Foundation Dimensions:
0x0
Handicap Accessible:
Doors 36"+, Other
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
Frame
Rooms
Laundry:
- Electric Dryer Hookup
- In Unit
- Laundry Closet
- Washer Hookup
Lot & Land
Acres:
2.15
Geolocation:
44.196514, -93.677102
Lot Dimensions:
2.15
Addl Parcels:
164260020, 164260010
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Underground Utilities
Schools
School District:
1047
District Phone:
5072753115
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,972
Annual Fuel Expense:
None
Annual Insurance Expense:
$14,001
Annual Maintenance Expense:
$904
Annual Trash Expense:
$4,882
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Cable TV, Electricity, Gas, Heat, Telephone, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$24,772
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$32,158
Income
Annual Gross Income:
$243,000
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.