LakeMinnetonkaRealEstate.com Search Results

$2,650,000

Introducing a unique investment opportunity in the heart of Richfield, Minnesota! This expansive property located at 7444 Cedar Ave boasts a total of 23 units with a combined square footage of 21,840, making it an ideal investment for those looking to expand their apartment rental portfolio. The asset sits on over 0.88 acres, on a bus route, and close to the Mall of America! Prime for a re-development opportunity! Built in 1966, this very well-maintained building features a mix of 18 spacious two-bedroom units and 5 cozy one-bedroom units, providing a variety of options for potential renters. Additionally, the property includes 10 detached garages, ensuring that tenants have ample space to park their vehicles. The exterior of the property is well-maintained and features a classic brick façade, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major transportation routes, making it easy for tenants to commute to work or enjoy all that Richfield has to offer. Investors looking for a turn-key property with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is fully occupied and turn-key in a non-rent controlled city on Minnesota! The brick exterior façade makes this property shine. There are many updates in recent years including the front and rear entryways, security cameras, newer vinyl windows (2014), brand new commercial grade water heater replaced in 2023, and a newer roof on both the building and garages replaced in 2014. In 2025 all the electrical panels were swapped out with new breakers making this asset easier to insure. PROPERTY FACTS Year Built: 1966 Square Footage: 21,840 Units: 23 Zoning: Multiple-family District Parking: 10 Garage Stalls plus plenty of off street parking Exterior: Brick Heating: Boiler Roof: Flat - New installed by All Elements, Inc. in 2014 UNIT DESCRIPTION 18 - 2 bedroom, 1 bath - Approx. 910+ Sqft. 5 - 1 bedroom, 1 bath - Approx. 750+ Sqft PROPERTY IMPROVEMENTS 2025: New Electrical Panels with Circuit Breakers 2023: New Commercial High-Efficiency Water Heater built by Bock. 2018: New Carpet in Hallways, Common Areas, Entry Way 2014: Roof - Durolast by All Elements, Inc. with 15 year warranty 2013: Windows - Installed vinyl replacement sliders by Window World, Inc.

ACTIVE Status ⋅ 7007394 MLS

Introducing a unique investment opportunity in the heart of Richfield, Minnesota! This expansive property located at 7444 Cedar Ave boasts a total of 23 units with a combined square footage of 21,840, making it an ideal investment for those looking to expand their apartment rental portfolio. The asset sits on over 0.88 acres, on a bus route, and close to the Mall of America! Prime for a re-development opportunity! Built in 1966, this very well-maintained building features a mix of 18 spacious two-bedroom units and 5 cozy one-bedroom units, providing a variety of options for potential renters. Additionally, the property includes 10 detached garages, ensuring that tenants have ample space to park their vehicles. The exterior of the property is well-maintained and features a classic brick façade, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major transportation routes, making it easy for tenants to commute to work or enjoy all that Richfield has to offer. Investors looking for a turn-key property with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is fully occupied and turn-key in a non-rent controlled city on Minnesota! The brick exterior façade makes this property shine. There are many updates in recent years including the front and rear entryways, security cameras, newer vinyl windows (2014), brand new commercial grade water heater replaced in 2023, and a newer roof on both the building and garages replaced in 2014. In 2025 all the electrical panels were swapped out with new breakers making this asset easier to insure. PROPERTY FACTS Year Built: 1966 Square Footage: 21,840 Units: 23 Zoning: Multiple-family District Parking: 10 Garage Stalls plus plenty of off street parking Exterior: Brick Heating: Boiler Roof: Flat - New installed by All Elements, Inc. in 2014 UNIT DESCRIPTION 18 - 2 bedroom, 1 bath - Approx. 910+ Sqft. 5 - 1 bedroom, 1 bath - Approx. 750+ Sqft PROPERTY IMPROVEMENTS 2025: New Electrical Panels with Circuit Breakers 2023: New Commercial High-Efficiency Water Heater built by Bock. 2018: New Carpet in Hallways, Common Areas, Entry Way 2014: Roof - Durolast by All Elements, Inc. with 15 year warranty 2013: Windows - Installed vinyl replacement sliders by Window World, Inc.

7444 Cedar Avenue S, Richfield

Listing courtesy of Apartment Cash Flow, Inc..

$99,900

Move-in ready and a true standout in the building! This bright 1-bedroom, 1-bath condo offers an updated, cost-efficient opportunity in a highly desirable Edina location. Enjoy a nicely remodeled kitchen and bath, brand-new carpet, and abundant natural light throughout. The spacious private deck extends the living space and provides a great spot to relax or entertain. Practical features include a covered garage, inground pool, assigned parking and convenient coin-operated laundry available on every floor. With thoughtful updates already completed and low-maintenance living, this unit offers exceptional value compared to others in the building. A great opportunity for comfortable, efficient living in a well-maintained community.

ACTIVE Status ⋅ 1 Beds ⋅ 1 Baths ⋅ 7001792 MLS ⋅ 706 SqFt.

Move-in ready and a true standout in the building! This bright 1-bedroom, 1-bath condo offers an updated, cost-efficient opportunity in a highly desirable Edina location. Enjoy a nicely remodeled kitchen and bath, brand-new carpet, and abundant natural light throughout. The spacious private deck extends the living space and provides a great spot to relax or entertain. Practical features include a covered garage, inground pool, assigned parking and convenient coin-operated laundry available on every floor. With thoughtful updates already completed and low-maintenance living, this unit offers exceptional value compared to others in the building. A great opportunity for comfortable, efficient living in a well-maintained community.

6423 Colony Way Unit 3L, Edina

Listing courtesy of Coldwell Banker Realty.

$125,000

Step into this beautifully updated 1-bedroom condo at The Colony in Edina. The spacious galley-style kitchen features tile flooring, a tile backsplash, stainless steel appliances, and a convenient breakfast bar. The spacious bedroom includes a walk-in closet and sits just across the hall from the updated bathroom, which offers a tiled floor and modern vanity. The bright living room opens to a covered second-floor balcony through large sliding doors—perfect for relaxing or enjoying fresh air. Your assigned covered parking spot is easily accessible, and both the laundry room and your personal storage locker are located right outside the unit for ultimate convenience. Residents can enjoy the outdoor pool or host gatherings in the community/party room. Ideally located near France Ave and Hwy 62, the building is close to Southdale Mall, the Galleria, restaurants, shops, and fitness centers. Schedule your tour today!

ACTIVE Status ⋅ 1 Beds ⋅ 1 Baths ⋅ 6821314 MLS ⋅ 720 SqFt.

Step into this beautifully updated 1-bedroom condo at The Colony in Edina. The spacious galley-style kitchen features tile flooring, a tile backsplash, stainless steel appliances, and a convenient breakfast bar. The spacious bedroom includes a walk-in closet and sits just across the hall from the updated bathroom, which offers a tiled floor and modern vanity. The bright living room opens to a covered second-floor balcony through large sliding doors—perfect for relaxing or enjoying fresh air. Your assigned covered parking spot is easily accessible, and both the laundry room and your personal storage locker are located right outside the unit for ultimate convenience. Residents can enjoy the outdoor pool or host gatherings in the community/party room. Ideally located near France Ave and Hwy 62, the building is close to Southdale Mall, the Galleria, restaurants, shops, and fitness centers. Schedule your tour today!

6423 Colony Way Unit 2G, Edina

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$99,900

Clean, move-in ready, third floor 2-Bedroom condo in a thriving 55+ community. Welcome to easy living in this spacious 2-bedroom condo offering nearly 1,000 sq. ft. of comfort and convenience. This home is filled with natural light and features a smart, single-level layout with no exterior stairs to navigate. The kitchen has plenty of cabinet storage and counter space, while the open living and dining areas lead to your private balcony. The primary suite includes a walk-in closet and the second bedroom provides flexibility for guests, an office, or hobbies. This community takes the stress out of ownership with on-site management, updated common areas, secure 24 hour entry, and a dedicated parking spot. Residents enjoy friendly front desk staff, community amenities and a full calendar of activities that make it easy to connect. Step outside and you’ll find parks, restaurants, shopping, groceries, doctors, and banks just a short walk away, plus quick freeway access to everything else. This is the perfect balance of comfort, convenience, and community. Rentals allowed with some restrictions. Schedule a showing today!

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 6775739 MLS ⋅ 950 SqFt.

Clean, move-in ready, third floor 2-Bedroom condo in a thriving 55+ community. Welcome to easy living in this spacious 2-bedroom condo offering nearly 1,000 sq. ft. of comfort and convenience. This home is filled with natural light and features a smart, single-level layout with no exterior stairs to navigate. The kitchen has plenty of cabinet storage and counter space, while the open living and dining areas lead to your private balcony. The primary suite includes a walk-in closet and the second bedroom provides flexibility for guests, an office, or hobbies. This community takes the stress out of ownership with on-site management, updated common areas, secure 24 hour entry, and a dedicated parking spot. Residents enjoy friendly front desk staff, community amenities and a full calendar of activities that make it easy to connect. Step outside and you’ll find parks, restaurants, shopping, groceries, doctors, and banks just a short walk away, plus quick freeway access to everything else. This is the perfect balance of comfort, convenience, and community. Rentals allowed with some restrictions. Schedule a showing today!

6615 Lake Shore Drive S Unit 302, Richfield

Listing courtesy of Bridge Realty, LLC.

$1

ACTIVE Status ⋅ 1 Baths ⋅ 6681939 MLS

6417 Penn Avenue S Unit Lower, Richfield

Listing courtesy of Keller Williams Realty Integrity Lakes.