For Sale: Lexington MLS# 6781222
Active
NEW!
$650,000
Multi-family: Four Plex
Built 1984
3,328 sqft • 0.35 acres
Centennial schools
MLS# 6781222
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Property Description
Rare opportunity to own a newer four-plex, each with two-bedroom layouts. The property has seen many updates over the years, with each unit featuring its own style and finishes. Improvements include refreshed flooring, updated appliances, modernized kitchens and baths, and exterior upgrades such as siding. Tenants are responsible for electricity and hot water (electric), while the owner covers gas, trash, and water/sewer. Shared coin-operated laundry on site. Ample off-street parking available.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Price per sq ft:
$195
Property Type:
Multi-family
City:
Lexington
Garage Spaces:
0
County:
Anoka
Year Built:
1984
State:
MN
Property Style:
Four Plex
Zip Code:
55014
Subdivision Name:
Ottes Add To Lexington
Interior
Finished Area:
3,328 ft2
Living Area:
3,328 ft2
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
1,664 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Open
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Aluminum Siding
- Metal Siding
Lot & Land
Acres:
0.35
Geolocation:
45.135567, -93.170845
Lot Dimensions:
75 x 200
Zoning:
Residential-Multi-Family
Schools
School District:
12
District Phone:
763-792-6000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
$17,100
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,591
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$10,095
Income
Annual Gross Income:
$60,600
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 National Realty Guild.
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.