Properties listed in Alexandria

Michel Commercial is pleased to present The Alexson— a 49-unit apartment property located in the heart of Alexandria, MN. Set within a quiet residential neighborhood yet just one block from downtown, The Alexson offers a stable, income-producing asset with clear upside through strategic renovations and operational enhancements. The Alexson features spacious studios, one- and two-bedroom floor plans with functional layouts, generous natural light, and ample storage. On-site amenities include surface parking, laundry facilities, and professional management. Its central location and neighborhood setting make it a sought-after option for long-term renters seeking both comfort and convenience. With strong historical occupancy and mostly original interiors, The Alexson presents an ideal opportunity for a value-add strategy. Renovated units in the Alexandria market command meaningful rent premiums, offering investors a clear path to increased revenue while maintaining long-term stability.