Gray Hawk Apartments

Investment Overview

Gray Hawk Apartments is a 72-unit multifamily community offering investors a rare opportunity to acquire a well-maintained, high-occupancy asset in the strong Mankato rental market. The property features a desirable unit mix with consistent in-place cash flow and demonstrated occupancy near 99%, providing immediate income stability. Current rents remain below market in select unit types, presenting a clear path for continued revenue growth through strategic rent adjustments and operational efficiencies. With limited new supply and steady demand driven by nearby Minnesota State University, Mankato and the region’s diverse employment base, the property is well-positioned for long-term performance. Gray Hawk Apartments combines stable cash flow, identifiable upside, and a strong location—making it an attractive opportunity for both private and institutional investors seeking scale in Southern Minnesota.