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16578 Franklin Trail SE
Prior Lake MN 55372 US

$750,000

Active Listing ID 6622443
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11 bed
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Lot: 0.42 Acres
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Other

$750,000

Active Listing ID 6622443
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16578 Franklin Trail SE Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16558 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!

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Property Features

  • Facts
  • Lot Size: 0.42 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Cement Board
  • Roof Type: Asphalt, Shingle
  • Heating Fuels: Forced Air

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 750000
  • unparsedaddress: 16578 Franklin Trail SE
  • postalcity: Prior Lake
  • stateorprovince: MN
  • country: US
  • postalcode: 55372
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.42
  • lotsizeunits: Acres
  • lotsizearea: 0.42
  • livingarea: 4160
  • livingareaunits: Square Feet
  • latitude: 44.70939612
  • longitude: -93.42133936
  • listagentfullname: Mark A. Gores
  • listagentemail: Mark@MarkGores.com
  • listagentkey: 3yd-RMLSMN-505006408
  • listagentmlsid: 505006408
  • listagentpreferredphone: 6122015447
  • listagentofficephone: 9522267700
  • listofficekey: 3yd-RMLSMN-3726
  • listofficemlsid: 3726
  • disclaimer: Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1978
  • listingcontractdate: 2024-11-01
  • listagenturl: https://www.therealestateadvantage.com/
  • countyorparish: Scott-MN
  • parcelnumber: 251670010
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Assigned, Driveway, Garage, Garage - Detached
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • exteriorfeatures: Cement Board
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -93.42134, 44.709396
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Advantage Plus", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Mark@MarkGores.com", "ListBrokerageCity":"Savage", "ListBrokerageCountry":"US", "ListBrokerageEmail":"kate.osborn@therealestateadvantage.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/30b31fe199b511dfbad600219b9aa4d8/20231106200953586.png", "ListBrokerageName":"RE/MAX Advantage Plus", "ListBrokeragePhone":"(952) 226-7700", "ListBrokeragePostalCode":"55378", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"13875 Highway 13 South", "ListBrokerageWebsiteUrl":"https://www.therealestateadvantage.com/", "ListOfficeAddress1":"13875 Highway 13 South", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Savage", "ListOfficeCountry":"US", "ListOfficeEmail":"kate.osborn@therealestateadvantage.com", "ListOfficePostalCode":"55378", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family - Prior Lake, MN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/16578-Franklin-Trl-SE_Prior-Lake_MN_55372_M81501-79418?f=listhub&s=RMLSMN&m=6622443&c=rexren", "MLSModificationTimestamp":"2024-11-25T13:42:14Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6928, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/10/2024 7:33:44 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Mark A. Gores, RE/MAX Advantage Plus, Mark@MarkGores.com

Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.