$600,000

3813 Restwood Road, Lexington, MN 55014


3813 Restwood Road Lexington, MN 55014

For Sale MLS# 6217594

8 beds 4 baths 3,328 sq ft Multi-family

Data current as of {{getLocalTime('2022-07-03T14:40:40Z')}}

Details for 3813 Restwood Road

MLS# 6217594

Description for 3813 Restwood Road, Lexington, MN, 55014


Very rare 4-plex in the North Metro, recently updated and fully leased. Don't miss your chance to get into a stable, long-term investment at a low cost/unit and room for growth! Leases are currently month-to-month. All four units are 2 Bed/1 Bath, and there is off-street parking for the renters. Coin-Op Washer/Dryer owned by Seller and included in sale. Showings by request with preferred 36 hour notice- may only see one or two units at initial showing. Floor plans in photos. Interior photos are of two more recently updated units before renters. Other two units are in fair condition, but not as updated as the photos. Offers will be presented as received, so don't sleep on this excellent investment opportunity!

Listing Information


Property Type: Multi-family, Four Plex

Status: Active

Bedrooms: 8

Bathrooms: 4

Lot Size: 0.34 Acres

Square Feet: 3,328 sq ft

Year Built: 1984

Foundation: 1,664 sq ft

Garage: No

Stories: 2

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Ottes Add To Lexington

Builder:

Foundation:

Total Units: 4

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Anoka

Days On Market: 8

HERS Score:

Construction Status: Previously Owned

School Information


District: 12 - Centennial

Elementary:

Middle:

High:

Room Information


Bathrooms

Full Baths: 4

Interior Features


Square Footage above: 3,328 sq ft

Square Footage below:

Flooring:

Basement: None

Accessibility: Doors 36+

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities:

Other Utilities:

Heating: Baseboard, Natural Gas, Hot Water

Exterior / Lot Features


Parking Description: Paved Lot, Garage Sq Ft - 0.00

Exterior: Vinyl

Lot View:

Lot Dimensions: 75x200

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Unit Information


Number of Units Like This: 1

Monthly Rent: 1000

Total Baths: 1

Total Bedrooms: 2

Total Rooms: 4

Number of Units Like This: 1

Monthly Rent: 1000

Total Baths: 1

Total Bedrooms: 2

Total Rooms: 4

Number of Units Like This: 1

Monthly Rent: 1100

Total Baths: 1

Total Bedrooms: 2

Total Rooms: 4

Number of Units Like This: 1

Monthly Rent: 1100

Total Baths: 1

Total Bedrooms: 2

Total Rooms: 4

Driving Directions


35W to Lake Drive Exit, East to Restwood Rd, Right (south) to property

Financial Considerations


Other Deposit Fees:

Assessments: $62

Covenants/Deed Restrictions:

Terms:

Tenant Pays: Electric

Owner Pays: Fuel,Insurance,Lawn,Maintenance/Repair,Snow,Taxes,Trash,Water/Sewer

Annual Income: $50,400

Annual Expense: $6,380

Ownership Type:

Tax/Property ID: 353123120014

Tax Amount: $8,845

Tax Year: 2022

HomeStead Description: Non-Homesteaded

Price Changes


$600,000 Original Price
$600,000 Current Price
+$0 Total Change
Date Price Change
6/22/2022 05:48 PM $600,000

Sales History

Date Price Change
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Tax Summary

Tax Year Estimated Market Value Taxable Market Value Total Tax
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Schools nearby 3813 Restwood Road

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings