$975,000/mo

8963 Syndicate Avenue, Lexington, MN 55014

  • 8,960 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.44acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $109/sqft
  • Property List Date Icon Listed 22 hours ago

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. Two Open Houses from 10am to Noon for investors, their brokers and inspectors to come through: Tuesday, December 9th and Thursday, December 11th *These are the only dates to tour ** See videos for additional tours and walk throughs of the building

Listing Status:
Active
Listing Office:
Keller Williams Integrity Realty : 651-203-1700
MLS ID:
6817333
  • Heating: Forced Air
  • Parking: Parking Lot
  • Originating MLS: northstar
  • School District: Centennial
  • County: Anoka
  • Zoning: 353123130029
  • Current Use: Residential
  • Utilities: Electric SeparateHeating SeparateHot Water Separate
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Keller Williams Integrity Realty

Location

Schools Nearby

G

Golden Lake Elementary

1 School Rd, Circle Pines, MN, 55014

Grades KG-5

1.02 miles away

C

Centennial Area Learning Center

4881 101st Ln NE, Circle Pines, MN, 55014

Grades 7-12

1.86 miles away

P

Project Search

4707 North Rd, Circle Pines, MN, 55014

Grades 12-12

1.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.