Property Description
The only fourplex in the city of Lauderdale (No Rent Control!) is for sale for the first time in about 20 years. A career tradesman owner kept it up throughout & left room to grow income. Turnover was minimal (some tenants stayed 7+ years) until the owner intentionally timed all four lease ends this summer to turn every unit for the sale: paint, refinished hardwoods & exterior paint. All four are leased. Two are month to month (30 day notice), so an owner occupant can pick a unit, or an investor can set new leases with utility chargebacks to boost cashflow! Easy upkeep: four similar 1 bed, 1 bath units, replaced windows, boiler heat & owned coin laundry. Big yard, 4 off street spaces & basement storage. About a mile to the U of M St Paul campus & 1.5 miles to the State Fairgrounds, minutes to Rosedale & Como Park, near Hwy 280. Lauderdale is its own city, outside Minneapolis & Saint Paul rental ordinances, including rent stabilization (buyer to verify). Buyer to verify all info.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Block, Full, Shared Access, Storage/Locker, Storage Space
Heating: Boiler
Lot Size: 0.15 Acres
Taxes: $8,566
Year Built: 1936
Feature Descriptions
Days on Site: 5
Exterior: Block, Brick, Frame
Foundation Size: 1200
Lot Dimensions: 50â?? x 132â??
Owners Expense: Heat, Hot Water, Sewer, Trash Collection, Water
Parcel#: 172923340042
Parking: Gravel, Driveway - Other Surface
Sewer: City Sewer/Connected
Tenant Expenses: Electricity
Units: 4
Water: City Water/Connected
Local Schools
School District: Roseville
Listed By / Shown By
Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agent Name: Shirley Lee
Agent Phone: (507) 251-2213
Agency Title: Counselor Realty
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Estimated Payment
$ 4,081.72 per month $3,192.92 Principal & Interest $713.83 Property Tax $174.97 Homeowner's InsuranceChange Payment Information
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1759 Pleasant Street | MLS# 7108235
This multi-family property located at 1759 Pleasant Street, Lauderdale, MN 55113 is currently listed for sale with an asking price of $599,900. Pleasant Street is located within the Roseville school district. Search Lauderdale real estate on shirleylee.counselorrealtyofrochester.com today.