11972 PORTLAND AVENUE
11972 Portland Avenue, Burnsville, 55337, MN
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Price: $529,900
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Status type: For Sale
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City: Burnsville
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Neighborhood: Mn Valley Town Office Park
Bedrooms: 0
Property Size :0
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Listing Agent: NST19603,NST42657
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Property type : Business
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Zip code: 55337
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Street: 11972 Portland Avenue
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Street: 11972 Portland Avenue
Bathrooms: N/A
Year: 2002
Listing Brokerage: RE/MAX Advantage Plus
FEATURES
- None
DETAILS
Exceptional opportunity, a ranch-style office condo divided into two units, each with separate entries, perfect for business owners looking to own their own space instead of renting. This setup not only offers independence but also the potential to subsidize mortgage payments through rental income. For investors, this property is a dream come true, boasting a potential cap rate of over 13% based on current market rents. Strategically located with effortless access to major highways and transportation hubs, it ensures convenience for tenants and maximum visibility for businesses. Whether you're looking to secure your business's future or expand your investment portfolio, this property promises both stability and significant returns. Don’t miss out on this prime opportunity – schedule your viewing today and take the next step towards owning a lucrative piece of real estate.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: Finished,
Appliances Included:
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- None
EXTERIOR
Air Conditioning: Central Air
Garage Spaces: 1
Construction Materials: N/A
Foundation Size: 1452ft²
Unit Amenities:
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- Balcony
- Indoor Sprinklers
Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: N/A
Longitude: 44.7887
Latitude: -93.2675
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $12,600
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer - In Street
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7648835
Listing Brokerage: RE/MAX Advantage Plus
ID: 3405540
Published: September 16, 2024
Last Update: September 16, 2024
Views: 25
