1097, 1112, 1160, 1260, 1224 Oakview Drive

• Located between Rochester, MN and Winona MN
• Strong Historical Occupancy
• $100,000 in recent capital improvements
• 7.46% cap rate
• 9.76% GRM
• Market rates not yet attained
• 1224 Oakview 4 unit was recently purchased ( May 2024) and added to portfolio, expense projection used was based the same percentage of expenses (35%) for neighboring 4 unit.
• Tax friendly Winona county

Property Description

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 represent a stable and lucrative investment opportunity. The the lack of rental property in a 25 mile radius supports the rents could be increased. 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.