220 SW Maple Ave Elysian, MN 56028
Estimated payment $15,242/month
Highlights
- Deck
- Patio
- Forced Air Heating System
- Corner Lot
- Laundry closet
- 5-minute walk to Sakatah State Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,772
Year Built
- Built in 2021
Lot Details
- Corner Lot
- Additional Parcels
Parking
- Parking Lot
Home Design
- Quadruplex
- Slab Foundation
- Frame Construction
- Vinyl Siding
- Stone Exterior Construction
Interior Spaces
- 17,280 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry closet
- Washer and Electric Dryer Hookup
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating System
- Underground Utilities
- 100 Amp Service
Community Details
- 4 Units
- Hidden Meadows Subdivision
Listing and Financial Details
- The owner pays for exterior maintenance, grounds care, insurance, repairs, snow removal, taxes, trash collection
- Assessor Parcel Number 164260030
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $16,454 | $810,800 | $105,900 | $704,900 |
| 2025 | $15,818 | $748,500 | $99,600 | $648,900 |
| 2024 | $10,294 | $714,300 | $93,400 | $620,900 |
| 2023 | $1,494 | $408,800 | $93,400 | $315,400 |
| 2022 | $864 | $86,200 | $66,200 | $20,000 |
| 2021 | $400 | $44,900 | $44,900 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2026 03/30/26 | For Sale | $2,400,000 | -- | $139 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7046788
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Ask me questions while you tour the home.