This cash-flowing 4-plex, situated on Lyndale Avenue between the Lowry Hill East and Whittier neighborhoods, offers an exceptional addition as a stabilized investment property thats been well managed. The property has undergone over $80,000+ of capital improvements in the past year, including four new high-efficiency boiler/water heater systems, electrical breakers, some new appliances, and preventative roof maintenance.Start charging for laundry and parking to further boost the bottom line & NOI.Tenants pay utilities including RUBS for Water Sewer Trash. Gas & Electric are separately metered and paid directly by tenants which keeps utility costs low for investors.With strong rental demand for its units, 2641 Lyndale represents a strong long-term investment for owner-occupants and investors alike.Connect with Nate for more detailed information & other off-market opportunities.
This cash-flowing 4-plex, situated on Lyndale Avenue between the Lowry Hill East and Whittier neighborhoods, offers an exceptional addition as a stabilized investment property thats been well managed. The property has undergone over $80,000+ of capital improvements in the past year, including four new high-efficiency boiler/water heater systems, electrical breakers, some new appliances, and preventative roof maintenance.Start charging for laundry and parking to further boost the bottom line & NOI.Tenants pay utilities including RUBS for Water Sewer Trash. Gas & Electric are separately metered and paid directly by tenants which keeps utility costs low for investors.With strong rental demand for its units, 2641 Lyndale represents a strong long-term investment for owner-occupants and investors alike.Connect with Nate for more detailed information & other off-market opportunities.
Neighborhood
Type
County
Hennepin
Tax Amount
$8,924
Status
Active
Listing #
6631730
Built
1912
Listed on site
23 days
Listed by:
MRG Realty Partners, LLC
© 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of MRG Realty Partners, LLC. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Last Updated: 12/03/2024 22:12