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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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7920 Terrace Road Ne, Spring Lake Park, MN 55432
$350,000
SQUARE FEET 1,728
MLS# 7049215
STATUS: Pending
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Ferndale Add
SCHOOL: Spring Lake Park
Property Description
Rare opportunity to own a side-by-side duplex with one side vacant for owner-occupancy and the other side leased month-to-month, offering immediate rental income. Each unit features 2 bedrooms, 1 bathroom, an attached garage stall, and access to a shared onsite laundry room conveniently located between the units. Situated on a spacious lot with large front and back yards, the property offers mature trees, plenty of shade, and ample on-street parking. Unit 7922 has seen recent cosmetic updates including new flooring, carpet, and freshly painted kitchen cabinets. This property presents a solid opportunity for investors looking to expand their portfolio or for an owner-occupant looking to offset their mortgage with rental income. Recent mechanical updates include a new furnace and water heater in 2024, along with a new laundry tub in 2025. Conveniently located near schools, parks, Mercy Hospital, public transportation, and several retail and shopping areas, this property offers easy access to everyday amenities for both tenants and future owners alike.
Property Features
Property Type: Multi Unit - Multiple Basement: None Garage: 2 Heating: Forced Air Lot Size: 0.36 Acres Roof Type: Age Over 8 Years, Asphalt Taxes: $4,538 Year Built: 1958
Feature Descriptions
Accessibility: No Stairs Internal
Days on Site: 10
Foundation Size: 1728
Lot: Tree Coverage - Light
Lot Dimensions: 120x129
Owners Expense: Gas, Insurance, Repairs, Sewer, Taxes, Water
Parcel#: 023024310022
Parking: Attached Garage, Asphalt
Road Frontage: City Street
Sewer: City Sewer/Connected
Shared Rooms: Other
Units: 2
Water: City Water/Connected
Local Schools
School District: Spring Lake Park
Listed By / Shown By
Agency Name: RE/MAX Results
Agency Phone: 763-591-6000
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Estimated Payment
$ 2,343.10 per month
$1,862.85 Principal & Interest
$378.17 Property Tax
$102.08 Homeowner's Insurance
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7920 Terrace Road Ne | MLS# 7049215
This multi-family property located at 7920 Terrace Road Ne, Spring Lake Park, MN 55432 is currently listed for sale with an asking price of $350,000. Terrace Road Ne is located within the Spring Lake Park school district. Search Spring Lake Park real estate on nanderson.counselorrealty.com today.