Commercial For Sale near Young America Lake
This property was built in 1911 with many recent improvements including a new roof in 2019 & all 6 units renovated in the last 3 years. One building features 6 two-bedroom apartments with the other building featuring one retail property, currently the laundromat is owned by the Landlord. The two-parcel offering includes ample Class IV gravel off-street parking in the rear of each respective building. Each unit is separately metered for gas and electric, making expenses relatively low for this investment. The residential building has new boilers (2025). The property has a strong rental history and is 100% occupied.The landlord has successfully renovated all units along with rent increases per year of 7%-10% since purchasing the building in 2020, making this acquisition a solid-performing asset in a growing community with little to no competition.
Property Details
- Beds: 12
- Baths: 0.0
- Year Built: 1911
- Location: Young America Lake
- Acres: 0.140
- County: Carver County
- Community: City Lts Of Young America
- Heat/AC: Baseboard, Other (Heating)
- Garage: Driveway, Guest, Paved or Surfaced
- Siding: Block
- Roof:
- Property Taxes: $8,768
- MLS #: 6699747
Location
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Contact Information:
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Listing Agent: Nishul Patel, Bridge Realty, 952-368-0021, 952-368-0021 Listing Site, Listing Status: Active
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 7461781 |
| Viewed: | 3 times |
| Added: | Mar 23, 2026 |
| Updated on: | Mar 23, 2026 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
