160 Homestead Road, Mankato, MN 56001

Gray Hawk Apartments is a 72-unit multifamily community presented for sale as a well-maintained, income-producing asset. The property offers an established unit mix and is described as operating at high occupancy, with demonstrated occupancy near 99%. The seller notes that current rents are below market in select unit types, which may support future revenue improvement through rent adjustments and continued operational efficiencies.

The community is located along Homestead Road in Mankato, MN, in a quiet residential setting with access to everyday amenities such as shopping, dining, and parks. The property is minutes from Highway 14 and Highway 169, supporting regional connectivity. Minnesota State University, Mankato is described as a short drive away and is identified as a major driver of rental demand in the area.

For investors seeking a stabilized multifamily holding, Gray Hawk Apartments combines consistent in-place occupancy with a noted opportunity to address rent levels in select units. Its location and accessibility to employment and transportation corridors may appeal to tenants looking for convenience while remaining within a residential neighborhood context. The property is positioned as an asset suitable for private and institutional investors seeking scale in Southern Minnesota.