Marcus & Millichap, as the exclusive listing broker, is pleased to present Hillcrest Apartments, a 23-unit market-rate apartment building located in Le Sueur, Minnesota. This property is being offered for sale on a free-and-clear basis. Le Sueur, Minnesota is located on Highway 169 halfway between the Twin Cities and Mankato, MN. The area is known for its diverse employment opportunities with companies like Cambria calling it home to their corporate headquarters. The region is home to many recreational activities and boasts a thriving school district for families. Some of these Schools include the Le Sueur-Henderson public school system and St. Annes Catholic School. The floorplans at Hillcrest consist of one- and two-bedroom units, ranging from 550 square feet to 816 square feet respectively. Multiple units have been updated with new countertops and laminate wood flooring in the past few years. Other updates include a new dual boiler in 2010, twelve car garage in 2017, and water heater in 2018. The property is constructed with a flat roof and brick/ vinyl siding exterior. On site amenities include off-street/ garage parking and common area laundry for residents. Due to low inventory in the surrounding area the property consistently holds a tenant waitlist and has experienced historically low vacancies. A new owner could bring seventeen units to market with rent increases starting in February 2025. Currently there is an on-site caretaker in-place at $200 per month. Hillcrest creates an opportunity for a new investor to enter a stable investment with long-term upside potential.