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Pending
  • $750,000

    16558 Franklin Trl SE, Prior Lake, MN 55372

    11beds
    4baths
    4,160sqft
    : 
    Apartment
    Built in 1978
    -- sqft lot
    $716,500 Zestimate®
    $180/sqft
    $-- HOA

    What's special

    Stained decksFresh exterior paintGuest parkingPaved parking lotAssigned spacesTwo decksUpdated kitchens
    Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16578 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!
    114 days
    on Zillow
    |
    13
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 02, 2025 at 01:48pm

    Listed by:

    Mark A. Gores 612-201-5447,

    RE/MAX Advantage Plus,

    Jason Walgrave 612-419-9425

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6622444MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 4
    Heating
    • Forced Air
    Appliances
    • Laundry: Coin-op Laundry Owned
    Features
    • Basement: Daylight,Drain Tiled,Sump Pump
    Interior area
    • Total structure area: 4,160
    • Total interior livable area: 4,160 sqft
    • Finished area above ground: 2,080
    • Finished area below ground: 2,080

    Property

    Parking
    • Total spaces: 5
    • Parking features: Assigned, Detached, Asphalt, Shared Driveway, Garage Door Opener, No Int Access to Dwelling
    • Garage spaces: 5
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Fencing: Chain Link,Partial
    Lot
    • Size: 0.54 Acres
    • Dimensions: 110 x 200 x 100 x 188
    • Features: Corner Lot
    Details
    • Foundation area: 2080
    • Parcel number: 251670020
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Fiber Cement
    • Roof: Age Over 8 Years,Asphalt
    Condition
    • Age of Property: 47
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Bluff Hts
    HOA
    • Amenities included: Coin-op Laundry Owned
    Location
    • Region: Prior Lake

    Financial & listing details

    • Price per square foot: $180/sqft
    • Tax assessed value: $568,200
    • Annual tax amount: $6,928
    • Date on market: 1/2/2025
    • Tenant pays: Cable TV, Electricity, Fuel
    • Road surface type: Paved
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