Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in aconvenient downtown setting close to amenities, this property offers long-term rental demand and solidupside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity. Contact Sofia Engel at 507-217-6723 for a showing or for more information.