6413 Pleasant AveRichfield, MN 55423

Property Details for 6413 Pleasant Ave

Year built

1961

Lot size

0.28 AC

Property size (Sq ft)

11,400 SF

Property type

Apartment buildings

Description

This exceptional 11-unit apartment building, situated at 6413 Pleasant Avenue in Richfield, Minnesota, presents a compelling investment opportunity. Spanning 11,400 square feet on a 0.28-acre lot, the property boasts a strong track record of occupancy and consistent income. Ten of the eleven units have undergone extensive, high-end kitchen renovations, featuring new cabinets, countertops, and energy-efficient stainless steel appliances, including dishwashers. Two units further benefit from built-in microwaves. Exterior improvements are equally impressive, showcasing newer windows, fascia, and gutters. The roof was replaced in 2014, ensuring long-term durability. Security is enhanced by secured front and back entry doors with sidelights. Further enhancing efficiency and reducing operating costs, a high-efficiency hot water boiler was installed in Spring 2024. The property is professionally managed by the owner, maintaining a spotless record with no delinquencies. This turnkey operation offers immediate income generation and significant potential for future growth, making it an ideal acquisition for discerning investors seeking a well-maintained, high-performing multifamily asset in a desirable Richfield location. The asking price is $1,349,900.

Location Insight

City

Richfield

County

Hennepin

State

Minnesota

Latitude

44.8865

Longitude

-93.2827

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