14-Unit Value-Add Opportunity | 100% Occupied | Month-to-Month Upside | Columbia Heights MN Tyler Street Apartments presents a rare opportunity to acquire a fully stabilized 14-unit multifamily asset in the heart of Columbia Heights, Minnesota. This two-building portfolio has maintained 100% occupancy for over three consecutive years with only a single tenant turnover, which was re-leased immediately without downtime. The majority of tenants have been in place over two years and pay market-responsive rents, with the asset currently generating $182,557 in annual gross income. The property has been operated with discipline and owner-pride: current ownership has successfully implemented rent increases across the portfolio while maintaining strong tenant relationships and a clean operating record. Operating expenses have remained consistent and predictable year-over-year, and insurance premiums have held steady for two consecutive renewal cycles. Recent capital improvements eliminate near-term capex risk and include: New roof on both buildings (2021) New electrical meters on both buildings New boilers in both buildings The Value-Add Opportunity: With the majority of leases currently on month-to-month terms, a new owner has immediate flexibility to bring rents to market. Current average rent of $1,058 per unit sits below in-place rents achieved in comparable units, representing a straightforward path to NOI growth without major renovation or repositioning. Financials, rent roll, and full due diligence package available upon request. Showings will be done upon a submitted offer. Investment highlights 100% occupancy maintained for 3+ consecutive years 14 units across two fully stabilized buildings Single turnover in ownership tenure; re-leased with zero downtime Majority of leases on month-to-month terms, offering immediate rent growth flexibility Clean, predictable T12 expenses with 2 years of stable insurance premiums New roof on both buildings (2021) New boilers in both buildings New electrical meters on both buildings Majority of tenants in place over 2 years with stable payment history Long-term tenant base signals continued stability; month-to-month structure preserves new-owner flexibility
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