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$ 975,000
Est. payment | /mo
0.44 Acres Lot
$ 975,000
Est. payment | /mo
0.44 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Lexington Park 2Nd Add
MLS Listing ID 6817333
Year Built 1960
Annual Tax Amount $15,738
Tax Year 2025
Contingent None
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 131 x 154
Property Description
Introducing a prime investment opportunity in Lexington, MN, close to restaurants, shopping, freeway access, and area amenities. This 8,960 SF multi-family property, located in Anoka County, boasts 16 units, with 15, 1BR/1BA units and one Studio Apartment.
Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded by recent construction of larger apartment buildings
** See videos for additional tours and walk throughs of the building
Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded by recent construction of larger apartment buildings
** See videos for additional tours and walk throughs of the building
Location
State MN
County Anoka
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Present Use Residential
Building
Foundation 4480
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Centennial
Listed by Chad Heer • Keller Williams Integrity Realty
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Bob Kessler & José Kosar
REALTOR® | Lic# 40281123