MN > Lexington > Lexington Park 2Nd Add
Lexington, MN 55014,8963 Syndicate AVE
Lexington, MN 55014,8963 Syndicate AVE
Lexington, MN 55014,8963 Syndicate AVE
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Kimberly Miller

Kimberly Miller

+1(612) 710-2609
$975,000
Est. payment /mo
0.44 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Lexington Park 2Nd Add

MLS Listing ID 6817333

Year Built 1960

Annual Tax Amount $15,738

Tax Year 2025

Contingent None

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 131 x 154

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
** See videos for additional tours and walk throughs of the building

Location

State MN

County Anoka

Zoning Business/Commercial

Interior

Heating Forced Air

Inclusions Building

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Present Use Residential

Building

Foundation 4480

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Centennial

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Listed by Chad Heer • Keller Williams Integrity Realty
Kimberly Miller
Kimberly Miller

Broker

+1(612) 710-2609 | smile@kimberlymillerrealty.com

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