4001 Mavelle Dr Edina, MN 55435

This exceptional 15,000 square foot, 12-unit apartment building presents a lucrative investment opportunity in the heart of Edina, Minnesota. Situated on a 0.67-acre lot, this classic property boasts eleven spacious two-bedroom, one-bathroom units and one studio apartment. Its prime location, tucked behind the Room & Board store and across from the Galleria Mall, offers unparalleled convenience. Residents enjoy easy walking access to a wide array of amenities, including numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, and Southdale Mall. The University of Minnesota and downtown Minneapolis are just a 10-minute drive away. The property is within the highly desirable Edina School District. Each unit includes a private one-car detached garage and an additional parking space. Baseboard hot water radiant heat ensures year-round comfort. Tenants are responsible for electricity. A coin-operated laundry facility is conveniently located within the building. The property's zoning (PRD-4) allows for flexible higher-density multifamily development with commercial elements, presenting significant redevelopment potential, just half a block from the France Avenue commercial district. Interested parties should contact the City of Edina for detailed zoning information. This property is also suitable for a 1031 exchange.