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.
Presented By: Apartment Cash Flow, Inc.
Interior Features for 7662 142nd Street W
Other Interior Features
Above Grade Finished Area5810
BasementNone
Basement (Y/N)No
Below Grade Finished Area
FuelNatural Gas
Garage Door Width8
Garage Square Feet1500
General for 7662 142nd Street W
AccessibilityNone
Additional Parcels Y/NNo
CityApple Valley
Construction MaterialsVinyl Siding
ContingencyNone
CountyDakota
DirectionsHighway 35 south to Cedar Ave Exit and south to 142nd St West and take a right going west to property.
Electric Expense240
Fuel Expense
Garage Spaces5
Gross Income61980
HeatingForced Air
High School DistrictRosemount-Apple Valley-Eagan
Insurance Expense4100
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense800
New ConstructionNo
Number Of Units Total4
Operating Expense16039
OwnerPaysInsurance, Grounds Care, Snow Removal, Taxes, Trash Collection
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