Fully renovated 5-unit multifamily investment opportunity offering immediate cash flow, plus a separate single-family home for a total of 6 units. The multifamily building has been thoughtfully reimagined with modern upgrades and strong income stability. Unit mix includes one 3BR/1.5BA open-concept unit, three 2BR/1BA units, and one 1BR/1BA with balcony access. Extensive renovations include new flooring, updated wiring, new electrical systems, and new plumbing throughout. Mechanical improvements feature five new HVAC systems and four on-demand water heaters. Each unit has its own breaker box and is separately metered. Unit 6 is a 4BR/1.5BA single-family home with original character, abundant storage, and a tuck-under garage. All units are occupied with leases in place, creating a turnkey investment with long-term value.

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New Ulm, MN

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Property Details of 510 5th Street

Property Details

Basic Information

Building

Location

Finance

Water

Interior Features

Bedrooms

Bathrooms

Basement

Other

Utilities and Appliances

Utilities and Appliances

Community

Area

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

New Ulm, MN