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Key Performance Metrics (12-month hold period): ✅ ROI: 111% ✅ Equity Multiple: 2.11x ✅ $46,000 in cash-flow ✅ 98% occupancy Acquired in December 2023, this 19-unit property, comprising 18 one-bedroom units and one studio, caters primarily to retirees and seniors, ensuring a tranquil living environment in the quaint downtown of Fairbault, MN. Built in 1988 and thoughtfully maintained, the building features a durable metal roof, an elevator, and wide, handicap-accessible hallways, emphasizing comfort and accessibility. Following a comprehensive energy audit, we've upgraded all lighting to LED bulbs and installed energy-efficient plumbing fixtures, including new shower heads and faucet aerators, enhancing the sustainability and comfort of each unit. Positioned in a prime downtown location, Crown Apartments offers the convenience of being just steps away from the community co-op, and within a short walking distance to a variety of dining options. The property has shown robust value-add potential, with a considerable increase in Net Operating Income (NOI) achieved within just three months post-acquisition, while maintaining 100% occupancy. Perfect for those looking to enjoy a quiet, community-focused lifestyle, Crown Apartments combines modern enhancements with the charm of a quaint town setting, making it a highly desirable choice for long-term living.

Crown

Fairbault, MN - 19 Units (SOLD)

Key Performance Metrics (12-month hold period):

✅ ROI: 111%
✅ Equity Multiple: 2.11x
✅ $46,000 in cash-flow
✅ 98% occupancy

Acquired in December 2023, this 19-unit property, comprising 18 one-bedroom units and one studio, caters primarily to retirees and seniors, ensuring a tranquil living environment in the quaint downtown of Fairbault, MN. Built in 1988 and thoughtfully maintained, the building features a durable metal roof, an elevator, and wide, handicap-accessible hallways, emphasizing comfort and accessibility.

Following a comprehensive energy audit, we've upgraded all lighting to LED bulbs and installed energy-efficient plumbing fixtures, including new shower heads and faucet aerators, enhancing the sustainability and comfort of each unit. Positioned in a prime downtown location, Crown Apartments offers the convenience of being just steps away from the community co-op, and within a short walking distance to a variety of dining options.

The property has shown robust value-add potential, with a considerable increase in Net Operating Income (NOI) achieved within just three months post-acquisition, while maintaining 100% occupancy. Perfect for those looking to enjoy a quiet, community-focused lifestyle, Crown Apartments combines modern enhancements with the charm of a quaint town setting, making it a highly desirable choice for long-term living.

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