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Key Details
Sold Price $640,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,684 sqft
Price per Sqft $173
MLS Listing ID 6675031
Sold Date 04/29/25
Year Built 1983
Annual Tax Amount $5,179
Tax Year 2024
Contingent None
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 125x175x125x150
Property Sub-Type Quadruplex
Property Description
Investment Opportunity in the heart of Wyoming! This well-maintained 4-plex is fully leased with excellent tenants who cover their own electric, cable, and internet. Just under 7% cap rate makes this a great option to add as an investment. Each unit features a spacious living room, dining area, kitchen, two bedrooms, and a bathroom. The lower-level units offer lookout windows, while the upper units have decks. Most windows have been replaced, and all tenants have access to a shared laundry room at no additional cost. A detached 5-car garage provides additional convenience. Prime location near restaurants, schools, library, biking/walking paths, and easy access to I-35. Don't miss this fantastic investment opportunity!
Location
State MN
County Chisago
Zoning Residential-Multi-Family,Residential-Single Family
Rooms
Basement Daylight/Lookout Windows, Finished, Full
Interior
Heating Baseboard
Fireplace No
Exterior
Parking Features Detached, Garage Door Opener, Guest Parking, Multiple Garages, Parking Lot
Garage Spaces 5.0
Roof Type Asphalt,Pitched
Building
Lot Description Corner Lot, Many Trees
Story Split Entry (Bi-Level)
Foundation 1842
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Split Entry (Bi-Level)
Structure Type Metal Siding,Vinyl Siding
New Construction false
Schools
School District Forest Lake
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