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

Local Schools