$ 899,000
-
$899,000
Price -
11
Bed -
6
Bath -
6,543
SqFt -
0.13
Acre
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About the Listing 5353 - 502041718
This extensively remodeled five-unit apartment building represents a rare, turn-key investment opportunity with both immediate income and long-term upside. The property features four spacious two-bedroom, one-bath units and a highly desirable three-bedroom, two-bath unit, complemented by a two-car garage and additional off-street parking. Kitchens have been fully updated with new cabinetry, modern appliances, fresh countertops, and in-unit or on-site laundry options, while refinished flooring, updated paint, select new windows and doors, and refreshed bathrooms with new tile enhance tenant appeal throughout. Importantly for the discerning investor, the ownership approach prioritized durability and longevity—plumbing, electrical, and other behind-the-walls infrastructure were upgraded with a long-term hold strategy in mind, materially reducing future capital expenditure risk. All five units are currently leased. Additional tenant amenities include basement storage lockers and shared laundry. The sale is driven solely by the seller’s pursuit of a new business venture, creating a compelling opportunity to acquire a well-maintained, thoughtfully upgraded asset built for stable performance well into the future.
Listing Highlights
Interior Details
- Bedrooms: 11
- Bathrooms: 6 Full
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Air Cond: Window Unit(s)
- Heating: Boiler,Radiator,Natural Gas
- Fireplaces:
- Floor:
- Basement: Egress Window(s),Finished,Full,Storage/Locker,Storage Space
- Other: Ceiling Fan(s),Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Tile Floors,Washer/Dryer Hookup
- Water: City Water/Connected
Exterior Details
- Lot Description: Public Transit (w/in 6 blks),Tree Coverage - Light
- Garage Capacity: 2 car
- Lot Dimensions: 45x121
- Zoning: Business/Commercial,Residential-Multi-Family
- Roof: Flat,Rubber
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage,Asphalt,Parking Lot,Paved Lot,Unassigned
Financial Details
- Tax Amount: $14,934
- Taxes w/Assessments: N/A
- Tax/Property ID: 0302824320057
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
3407 Lyndale Ave S Minneapolis, MN 55408
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