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For Sale:  Lauderdale MLS# 7108235

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Active
$599,900
/mo Edit
Multi-family:  Fourplex
4 br • 4 ba • Built 1936
2,357 sqft • 0.151 acres
Roseville schools
MLS# 7108235
763-576-8286
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    Property Description

    SELLER OPEN TO CREATIVE DEAL STRUCTURING!! 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.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $599,900
    Price per sq ft: $255
    Property Type: Multi-family
    City: Lauderdale
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1936
    State: MN
    Property Style: Fourplex
    Zip Code: 55113
    Subdivision Name: Rosehill Add

    Interior

    Bedrooms: 4
    Bathrooms: 4
    Finished Area: 2,357 ft2
    Living Area: 2,357 ft2
    Refrigerators: Four
    Basement Details:
    • Block
    • Full
    • Shared Access
    • Storage Space
    • Storage/Locker

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,200 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Driveway - Other Surface
    • Gravel
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    Exterior Material:
    • Block
    • Brick
    • Frame

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.151
    Geolocation: 44.994075, -93.200243
    Lot Dimensions: 50’ x 132’
    Zoning: Residential-Multi-Family

    Schools

    School District: 623
    District Phone: 6516351600

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,249
    Annual Fuel Expense: $1,249
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: $2,323
    Annual Water/Sewer Expense: $2,010
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,566
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,842

    Income

    Annual Gross Income: $58,800
    Misc. Annual Income: $1,500
    Misc. Monthly Income: $125

    Rent

    Annual Net Income: $31,847

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    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!

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    Listing provided by RMLS, courtesy of MRG Realty Partners, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.