For Sale: Edina MLS# 6634496
Active
$2,750,000
Commercial: Apartments
Built 1961
0.67 acres
Edina schools
MLS# 6634496
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Property Description
Tree lined classic 12-unit spacious (11 unit 2 bedroom 1 bath and 1 studio) apartment building tucked behind the Room & Board Store, across the street from the renowned Galleria Mall! Walking distance to many restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Mall. 10 minutes to Minneapolis downtown and University of Minnesota. Top Edina School District! A cozy sanctuary in the heart of Edina, close to everything you need. Floor plan is open and spacious. It comes with private 1-car detached garage and one additional parking space for each unit! Baseboard hot water radiant heat provides comfort and warmth. Tenants pay electricity bills. Coin operated laundry in the building. Potential for re-development just 1/2 block from France Ave commercial district. Zoned as PRD-4 allowing flexible higher density multifamily with commercial elements. Please check with the city of Edina for details. 1031 Exchange property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,750,000
Property Type:
Commercial
City:
Edina
Garage Spaces:
12
County:
Hennepin
Year Built:
1961
State:
MN
Property Style:
Apartments
Zip Code:
55435
Subdivision Name:
Stows Edgemoor Add Blk 9 Rep
Exterior
Garage Spaces:
12
Other Parking Spaces:
12
Air Conditioning:
Window Unit(s)
Foundation Size:
500 ft2
Handicap Accessible:
No Stairs External
Heating System:
- Baseboard
- Boiler
Parking Features:
- Detached
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.67
Geolocation:
44.874667, -93.33046
Inclusions:
Building, Land, Leases
Lot Dimensions:
Irregular
Zoning:
Residential-Multi-Family
Schools
School District:
273
District Phone:
952-848-3900
Expenses
Annual Gross Expense:
$48,991
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$28,991
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$28,991
Income
Annual Gross Income:
$189,780
Rent
Annual Net Income:
$140,789
Units
Total Units:
12
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Sweet Home Realty, LLC.
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.