For Sale: Mound MLS# 7159750
Active
NEW!
$890,000
Multi-family: Fourplex
8 br • 4 ba • Built 1985
8,016 sqft • 0.44 acres
Westonka schools
MLS# 7159750
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Property Description
Exceptional Fourplex Investment Opportunity in Mound – Live in One, Rent the Others!
Discover the possibilities at 5271 Eden Road in Mound, an exciting opportunity for investors and owner-occupants alike! This fourplex offers the potential to build long-term wealth through rental income while providing the unique opportunity to live in one unit and rent out the remaining three. Whether you’re expanding your real estate portfolio, looking to offset your monthly housing expenses, or exploring your first multi-unit investment, this property offers an appealing combination of flexibility and income potential.
Located in the desirable Lake Minnetonka community of Mound, this property puts you in a setting that blends small-town charm with outdoor recreation and convenient access to the greater Twin Cities. Enjoy the nearby Dakota Rail Regional Trail for biking, walking, and scenic lake-country views, along with Mound’s many parks, beaches, and opportunities to enjoy the outdoors. Surfside Park & Beach provides a popular lakeside destination, while local restaurants, shops, and community events add to the area’s welcoming hometown atmosphere.
Mound’s connection to Lake Minnetonka is a standout feature, offering a lifestyle that residents can enjoy throughout the seasons. With Minneapolis approximately 20 miles away, the area provides a balance of lakeside living and access to metropolitan amenities.
Whether you’re an experienced investor seeking another income-producing asset or a buyer ready to let rental income help make homeownership more attainable, this fourplex is an opportunity worth exploring. Invest in the potential, enjoy the lifestyle, and discover the possibilities of owning a multi-unit property in the Lake Minnetonka area!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$890,000
Price per sq ft:
$111
Property Type:
Multi-family
City:
Mound
Garage Spaces:
2
County:
Hennepin
Year Built:
1985
State:
MN
Property Style:
Fourplex
Zip Code:
55364
Subdivision Name:
Shirley Hills Unit F
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
8,016 ft2
Living Area:
8,016 ft2
Basement Details:
Partially Finished
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
2
Garage Size:
440 ft2
Foundation Size:
4,400 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Tuckunder Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.44
Geolocation:
44.935292, -93.656988
Lot Dimensions:
125 x 288
Schools
School District:
277
District Phone:
9524918001
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$160
Annual Fuel Expense:
$50
Annual Insurance Expense:
$9,600
Annual Maintenance Expense:
$5,200
Annual Trash Expense:
$260
Annual Water/Sewer Expense:
$4,300
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,121
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,121
Income
Annual Gross Income:
$90,100
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!
Listing provided by RMLS,
courtesy of Reimagine Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.