8311 Excelsior Boulevard, Hopkins, MN 55343
sale
$875,000
|
Other
Courtesy Of RE/MAX Results
Don t miss this turnkey, fully leased seven-unit apartment building on Excelsior Blvd in Hopkins one of the most accessible and tenant-friendly corridors in the western suburbs. All seven units are one-bedrooms, which means consistent tenant profiles, straightforward management/maintenance, and no complex infrastructure to worry about. New boiler and newer driveway mean the major capital items are already done. This is a running operation, not a renovation project.
The price per unit is in line with what buyers are currently paying for 2-4 unit buildings in Hopkins. Seven doors for the cost of four is a rare find in this market, and it makes this an ideal move for an investor rolling out of a duplex or single family investment property looking to scale without taking on a complex asset. Easy to self-manage, low maintenance unit mix, and a location that provides historically low to no vacancy.
Excelsior Blvd puts tenants within walking distance of restaurants, grocery, retail, and Park Nicollet Methodist Hospital just over a mile away. 494 corridor is also minutes away, which covers both commuters and anyone who prefers to get around without a car. Tenants have what they need close by, and that shows up in retention.
The price per unit is in line with what buyers are currently paying for 2-4 unit buildings in Hopkins. Seven doors for the cost of four is a rare find in this market, and it makes this an ideal move for an investor rolling out of a duplex or single family investment property looking to scale without taking on a complex asset. Easy to self-manage, low maintenance unit mix, and a location that provides historically low to no vacancy.
Excelsior Blvd puts tenants within walking distance of restaurants, grocery, retail, and Park Nicollet Methodist Hospital just over a mile away. 494 corridor is also minutes away, which covers both commuters and anyone who prefers to get around without a car. Tenants have what they need close by, and that shows up in retention.
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Property Features
- Age: Over 50 Years Old
- Appliance: Refrigerator
- Appliance: Range
- Architecture Style: Other
- Heating System: Baseboard
- Heating System: Hot Water (Heating)
- Legal Description: Lot 077 Block 000 AUDITOR'S SUBD. NO. 239 COM ON N LINE OF LOT 77 DIS 30 1/100 FT WLY FROM NE COR OF SAID LOT TH S PAR WITH E LINE THEREOF TO A PT DIS 127 FT S MEASURED ALONG SAID PAR LINE FROM CTR...
- MLSID: 7039259
- Roof Type: Flat
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