Country Club Estates

Investment Overview

Excellent opportunity to acquire a 100% occupied, professionally managed, 12-unit multi-family property at Country Club Estates in Melrose. The property features an attractive unit mix of 10 - two bedroom, two bath units and 2 - one bedroom, one bath plus den units. Each apartment includes an attached garage as part of the monthly rent, providing a desirable tenant amenity. Tenants are responsible for electric, including hot water, while the landlord pays cold water, sewer and refuse. Additional income is generated through on-site coin operated laundry. Significant recent capital improvements include new roofing and siding completed in 2025. Conveniently located near I-94 in the town of Melrose, approximately 30 minutes from both the St. Cloud metro and Alexandria Lakes Area, providing convenient access to two of Central Minnesota's key regional markets. This fully occupied, professionally managed multi-family investment offers a strong unit mix, tenant- paid utilities, attached garages, additional laundry income, and substantial recent exterior improvements. This building is located just a couple blocks from Meadowlark Country Club & Golf Course.

Investment Highlights

• 100% occupied multifamily investment
• Professionally managed 12-unit property
• Attractive mix of 10 two-bedroom, two-bath units
• Includes 2 one-bedroom, one-bath plus den units
• Each apartment includes an attached garage
• Additional income from on-site coin-operated laundry
• Tenant-paid electric, including hot water
• Owner pays cold water, sewer and refuse
• New roofing and siding completed in 2025
• 24,840 SF building with two stories
• Built in 1995
• Zoned Residential-Multi-Family