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BoardWalk Premier Realty
8963 Syndicate Avenue, Lexington, MN 55014
- $1,040,000
- Sold Price
- $1,040,000
- List Price
- $975,000
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
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Listing courtesy of Keller Williams Integrity Realty.
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