331 Fox Lake AveSherburn, MN 56171

This exceptional investment opportunity presents a 16-unit apartment complex ideally situated at 331-333 Fox Lake Avenue in Sherburn, Minnesota. The property encompasses a substantial 1.32 acres and boasts a total of 13,440 square feet of living space, currently generating consistent income due to 100% occupancy. The complex comprises two buildings, each featuring seven two-bedroom apartments and one one-bedroom apartment, providing a diverse mix of unit types to cater to a wide range of tenants. Each building is equipped with dual 100-gallon electric water heaters, ensuring reliable hot water supply for all residents. Further enhancing convenience and generating additional revenue, each building includes a shared laundry room complete with a laundry sink and coin-operated washers and dryers. The property is meticulously maintained and presents a stable, well-managed investment opportunity with a proven track record of consistent occupancy. The asking price for this turnkey multifamily investment is $880,000. This represents a compelling opportunity for investors seeking a strong return on investment in a stable market. The property's excellent condition, high occupancy rate, and desirable location make it an attractive prospect for both seasoned investors and those new to the multifamily market. The well-maintained buildings and efficient layout contribute to low operating costs and high profitability. This is a rare chance to acquire a fully occupied, income-producing property in a desirable location.