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. Property Overview 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. Location and Connectivity Situated on 6th Avenue near downtown Alexandria, The Alexson provides residents with direct access to grocery stores, medical services, schools, and major employers. Interstate 94 is just minutes away, offering seamless connectivity to the Twin Cities, Fargo, and surrounding regional hubs. Investment Potential 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.