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331 Fox Lake Ave Sherburn, MN 56171

Sponsored
For Sale
$880,000

High-yield, fully occupied multifamily investment.

Property size:
13,440 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional investment opportunity presents a 16-unit apartment complex ideally situated at 331-333 Fox Lake Avenue in Sherburn, Minnesota. The property encompasses a substantial 1.32 acres and boasts a total of 13,440 square feet of living space, currently generating consistent income due to 100% occupancy. The complex comprises two buildings, each featuring seven two-bedroom apartments and one one-bedroom apartment, providing a diverse mix of unit types to cater to a wide range of tenants. Each building is equipped with dual 100-gallon electric water heaters, ensuring reliable hot water supply for all residents. Further enhancing convenience and generating additional revenue, each building includes a shared laundry room complete with a laundry sink and coin-operated washers and dryers. The property is meticulously maintained and presents a stable, well-managed investment opportunity with a proven track record of consistent occupancy. The asking price for this turnkey multifamily investment is $880,000. This represents a compelling opportunity for investors seeking a strong return on investment in a stable market. The property's excellent condition, high occupancy rate, and desirable location make it an attractive prospect for both seasoned investors and those new to the multifamily market. The well-maintained buildings and efficient layout contribute to low operating costs and high profitability. This is a rare chance to acquire a fully occupied, income-producing property in a desirable location.

Property Features for 331 Fox Lake Ave

General Information

Property type
Residential income properties
Square Feet
13,440 SF
Lot Size
57,499 SF

Building Details

Year Built
1975

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sherburn
County
Martin
State
Minnesota
Longitude
-94.72128
Latitude
43.65774

FAQs

What type of property is this?
Residential income property - High-yield, fully occupied multifamily investment.
Where is this residential income property located?
The property is located at 331 Fox Lake Ave Sherburn, MN.
What is the asking price?
The asking price for this property is $880,000.
More about this property
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