Linda Schiefert

(218) 790-1664

7444 Cedar Avenue S
Richfield, MN 55423

$2,875,000

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Listing Details

$2,875,000
MLS# 7007394
Type Commercial - Business
Status Active

0.890 acres
Lot Size
1966
Year Built
Richfield
Local Schools

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Listed By

Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653

Shown By

Agent Name: Linda Schiefert
Agent Phone: (218) 790-1664
Agency Title: Town & Country Realty

Home Value Estimate

Description

Introducing a unique investment opportunity in the heart of Richfield, Minnesota! This expansive property located at 7444 Cedar Ave boasts a total of 23 units with a combined square footage of 21,840, making it an ideal investment for those looking to expand their apartment rental portfolio. The asset sits on over 0.88 acres, on a bus route, and close to the Mall of America! Prime for a re-development opportunity!Built in 1966, this very well-maintained building features a mix of 18 spacious two-bedroom units and 5 cozy one-bedroom units, providing a variety of options for potential renters. Additionally, the property includes 10 detached...read more

Features

Appliances: Range, Refrigerator
Cooling: Wall Unit(s)
Heating: Boiler, Hot Water
Stories: 3.0
Taxes: $47,073
Water: City Water/Connected
Year Built: 1966

Gallery

Listed By

Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653

Shown By

Agent Name: Linda Schiefert
Agent Phone: (218) 790-1664
Agency Title: Town & Country Realty

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