For Sale: Apple Valley MLS# 6785535
Active
NEW!
$679,900
Multi-family: Four Plex
Built 1986
5,810 sqft • 0.36 acres
Rosemount-Apple Valley-Eag schools
MLS# 6785535
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Property Description
Unique opportunity to invest into this rare 4-plex in a premier Apple Valley suburban location. Fully occupied and stable with large two bedroom units. Units 7662 and 7666 are both two bedroom, one bath, with approximately 840 sqft. Units 7664 and 7668 are both two bedroom, one and 3/4 bath, with roughly 920 sqft. Each apartment either has a patio or a balcony. Garages are attached and each unit comes with a single car garage with the exception of one unit that has a 2-car garage. Built in 1986 with slab on grade construction and a pitched roof. Every unit has its own separate forced air furnace and central air conditioning. All the utilities are separate as well and residents pay for their own gas, electric, and water bills. The owner just pays for real estate taxes, hazard insurance, common electric, exterior water spigots, and rubbish. The kitchens are large with built-in office nooks and include dishwashers. The secured main entrance is an attractive vaulted two story with skylights and adds to the appeal. Washers and Dryers are in the unit and owned. The current owner has replaced two air conditioning units, a furnace, and all the water heaters. This truly is a one of a kind and could be converted into condominiums. The property is surrounded by mostly owner-occupied single family homes, townhomes, or condos and is very close to the Apple Valley Transit Station, Minnesota Zoo, Mall of America, and the Minneapolis International Airport.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$679,900
Price per sq ft:
$117
Property Type:
Multi-family
City:
Apple Valley
Garage Spaces:
5
County:
Dakota
Year Built:
1986
State:
MN
Property Style:
Four Plex
Zip Code:
55124
Subdivision Name:
Pennock 4th Add
Interior
Finished Area:
5,810 ft2
Living Area:
5,810 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
5
Garage Size:
1,500 ft2
Garage Door Height:
8
Foundation Size:
2,905 ft2
Fencing:
Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Insulated Garage
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age Over 8 Years
- Pitched
Lot & Land
Acres:
0.36
Geolocation:
44.743273, -93.221087
Lot Dimensions:
Irregular
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
196
District Phone:
651-423-7700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$240
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,100
Annual Maintenance Expense:
$800
Annual Gross Expense:
$16,039
Annual Trash Expense:
$1,092
Annual Water/Sewer Expense:
$81
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,726
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,726
Income
Annual Gross Income:
$61,980
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Apartment Cash Flow, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.