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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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8311 Excelsior Boulevard, Hopkins, MN 55343
STATUS: Active
PROPERTY TYPE: Commercial - Business
SCHOOL: Hopkins
Property Description
Don't miss this turnkey, fully leased seven-unit apartment building on Excelsior Blvd in Hopkins ? one of the most accessible and tenant-friendly corridors in the western suburbs. All seven units are one-bedrooms, which means consistent tenant profiles, straightforward management/maintenance, and no complex infrastructure to worry about. New boiler and newer driveway mean the major capital items are already done. This is a running operation, not a renovation project.The price per unit is in line with what buyers are currently paying for 2-4 unit buildings in Hopkins. Seven doors for the cost of four is a rare find in this market, and it makes this an ideal move for an investor rolling out of a duplex or single family investment property looking to scale without taking on a complex asset. Easy to self-manage, low maintenance unit mix, and a location that provides historically low to no vacancy.Excelsior Blvd puts tenants within walking distance of restaurants, grocery, retail, and Park Nicollet Methodist Hospital just over a mile away. 494 corridor is also minutes away, which covers both commuters and anyone who prefers to get around without a car. Tenants have what they need close by, and that shows up in retention.
Property Features
Property Type: Commercial - Business Cooling: Window Unit(s) Fuel Type: Natural Gas Heating: Baseboard, Hot Water Lot Size: 0.20 Acres Roof Type: Flat Taxes: $11,680 Year Built: 1958
Feature Descriptions
Appliances: Range, Refrigerator
Basement: Daylight/Lookout Windows
Current Use: Residential
Days on Site: 16
Foundation Size: 2940
Lot: Tree Coverage - Medium
Lot Dimensions: 100 X 90
Owners Expense: Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Parcel#: TBD
Parking: Gravel, Open
Road Frontage: County Road
Sale Includes: Building
Sewer: City Sewer/Connected
Shared Rooms: Other
Tenant Expenses: Electricity
Units: 7
Utilities: Electric Separate
Water: City Water/Connected
Listed By / Shown By
Agency Name: RE/MAX Results
Agency Phone: 612-314-1520
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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8311 Excelsior Boulevard | MLS# 7039259
This commercial property located at 8311 Excelsior Boulevard, Hopkins, MN 55343 is currently listed for sale with an asking price of $875,000. Excelsior Boulevard is located within the Hopkins school district. Search Hopkins real estate on nanderson.counselorrealty.com today.