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Presented By: Lakes Sotheby's International Realty
23-unit apartment property in western suburb of Lake Minnetonka. Great Schools.
Charming side-by-side buildings with new pitched roofs, gutters, AC-Smith water heaters, and common area lights. New boilers in 2018, hot water baseboards individually controlled via in-unit thermostats. In-unit electrical breakers (tenants pay electric direct).
Price and surety of close important, Seller on 1031.
Neighboring properties provide potential for future development.
Main intersection of Commerce and Shoreline Drive less than half mile away: Jubilee (grocery), Walgreens, Carbone's Pizzeria Bar and Grille, Anytime Fitness, True Value Hardware, expanding park and plaza with connecting Dakota Rail Trail, public parking ramp and transit center, Ice Arena... and more 🙂
Presented By: Lakes Sotheby's International Realty
BasementBlock, Crawl Space, Drainage System, Owner Access, Sump Pump, Unfinished
Basement (Y/N)Yes
FuelNatural Gas
AccessibilityNone
Additional Parcels Description1411724140038
Additional Parcels Y/NYes
Amenities UnitCable, Ceiling Fan(s), Kitchen Center Island, Natural Woodwork, Patio, Security Lights
AppliancesAir-To-Air Exchanger, Exhaust Fan, Freezer, Gas Water Heater, Range, Refrigerator, Water Softener Owned
Association AmenitiesCoin-op Laundry Leased, Patio
CityMound
Construction MaterialsBrick/Stone
ContingencyNone
CoolingWindow Unit(s)
CountyHennepin
Current UseCommercial, Other, Residential
DirectionsWest along Shoreline Drive. North on Commerce Blvd. Buildings on West side (left as heading North) of Commerce Blvd less than a half mile from the main intersection of Commerce Blvd and Shoreline D
Garage Spaces
HeatingBaseboard, Boiler, Hot Water, Radiant, Zoned
High School DistrictWestonka
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
NumberOfUnitsTotal23
OwnerPaysGas, Insurance, Janitorial Service, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection
Possible UseInvestment
PostalCityMound
Property SubtypeApartment, Low Rise, Other
Property TypeCommercial Sale
RoofAge 8 Years or Less, Asphalt, Pitched
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMound Shores
Tax Annual Amount28383
Tax Year2024
Tenant PaysCable TV, Electricity, Gas, Sewer, Trash Collection
TopographyGently Rolling, Level
UtilitiesElectric Separate, Heating Common, Hot Water Common
Virtual TourClick here
Year Built1963
Zoning DescriptionResidential-Multi-Family
Building Area Total16324
Foundation Area8000
InclusionsBuilding, Land, Leases
Lot Dimensions172x143
Lot FeaturesPublic Transit (w/in 6 blks), Infill Lot, Tree Coverage - Light, Underground Utilities
Lot Size Area0.57
Parking FeaturesGuest Parking, Parking Lot, Paved, Unassigned, Open
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Realtor® MN