For Sale: Lexington MLS# 6817333
Active
NEW!
$975,000
Commercial: Apartments
Built 1960
0.44 acres
Centennial schools
MLS# 6817333
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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
Listing Status:
Active
Contingency:
None
List Price:
$975,000
Property Type:
Commercial
City:
Lexington
Garage Spaces:
0
County:
Anoka
Year Built:
1960
State:
MN
Property Style:
Apartments
Zip Code:
55014
Subdivision Name:
Lexington Park 2nd Add
Exterior
Garage Spaces:
0
Other Parking Spaces:
29
Foundation Size:
4,480 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
- Brick Veneer
- Wood Siding
Lot & Land
Acres:
0.44
Geolocation:
45.134595, -93.171013
Inclusions:
Building
Lot Dimensions:
131 x 154
Zoning:
Business/Commercial
Schools
School District:
12
District Phone:
763-792-6000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$15,739
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$15,739
Units
Total Units:
16
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
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| Year | Principal | Interest | P&I | Balance |
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 Keller Williams Integrity Realty.
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.