For Sale: Prior Lake MLS# 7046286
Active Contingent
NEW!
$665,000
Multi-family: Fourplex
7 br • 4 ba • Built 1977
3,416 sqft • 0.759 acres
MLS# 7046286
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Property Description
Rare opportunity for a well-maintained, updated fourplex—these are hard to find. Featuring major exterior upgrades including newer soffits, siding, gutters with leaf guards, this property offers low-maintenance ownership and long-term value. All electrical panels have been replaced in each unit—a significant capital improvement already completed for the next owner. All AC units have also been replaced, adding even more value and reducing future expenses. The building is set up with a functional, efficient layout, and several units have been updated. Consistent care from ownership makes this a solid, turnkey addition to any portfolio.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$665,000
Price per sq ft:
$195
Property Type:
Multi-family
City:
Prior Lake
Garage Spaces:
0
County:
Scott
Year Built:
1977
State:
MN
Property Style:
Fourplex
Zip Code:
55372
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
3,416 ft2
Living Area:
3,416 ft2
Refrigerators:
Four
Basement Details:
- Block
- Drain Tiled
- Sump Pump
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
0
Foundation Size:
1,836 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Pool:
None
Lot & Land
Acres:
0.759
Geolocation:
44.7053688055, -93.4239811094
Lot Dimensions:
Common
Zoning:
Residential-Multi-Family
Schools
School District:
2232
District Phone:
9522260000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,943
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,284
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,438
Annual Water/Sewer Expense:
$2,142
Tenant Expenses:
Broadband, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,170
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,170
Income
Annual Gross Income:
$57,960
Units
Total Units:
4
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Re/Max Advantage Plus.
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.