MLS# 6687483 - 7444 Cedar Avenue S Richfield, MN 55423

MLS# 6687483
7444 Cedar Avenue S Richfield, MN 55423

Central and Northern Minnesota's finest Lakeshore Property Broker, Jim Christensen and the Lakeshore Marketing Group of real estate professionals will assist you in finding the lake property, lot or home, which fits your needs. They are located in Nisswa, servicing the areas Gull Lake Chain, Whitefish Chain, Pelican Lake, Crosslake and all of the Brainerd Lakes Area. DISCLAIMER: Information deemed reliable but not guaranteed.

Neighborhoods

Apartment Cash Flow, Inc. is the brokerage office representing the seller for this listing.

The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Jim Christensen is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Jim Christensen, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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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!\n\nBuilt 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.\n\nThe 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.\n\nInvestors 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!\n\nThe 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, brand new commercial grade water heater replaced in 2023, and a newer roof on both the building and garages replaced in 2014.\n\nPROPERTY FACTS\nYear Built: 1966\n\nSquare Footage: 21,840\n\nUnits: 23\n\nZoning: Multiple-family District\n\nParking: 10 Garage Stalls plus plenty of off street parking\n\nExterior: Brick\n\nHeating: Boiler\n\nRoof: Flat - New installed by All Elements, Inc. in 2014\n\nUNIT DESCRIPTION\n18 - 2 bedroom, 1 bath - Approx. 910+ Sqft.\n\n5 - 1 bedroom, 1 bath - Approx. 750+ Sqft\n\nPROPERTY IMPROVEMENTS\n2022: New Commercial High-Efficiency Water Heater built by Bock.\n\n2018: New Carpet in Hallways, Common Areas, Entry Way\n\n2014: Roof - Durolast by All Elements, Inc. with 15 year warranty\n\n2013: Windows - Installed vinyl replacement sliders by Window World, Inc.\n\nPRICE: $3,300,000 \nInformation is deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all details.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Age Over 8 Years,Flat","SALEINCLUDES":"Building,Land,Leases,Rental License","SCHOOLDISTRICTNUMBER":"280-Richfield","SCHOOLDISTRICTPHONE":"612-798-6010","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2025-03-19T02:13:03.777","LASTSTATUS":"Active","STREETDIRSUFFIX":"S","STREETNAME":"Cedar","STREETNUMBER":"7444","STREETSUFFIX":"Avenue","STYLE":"Apartment","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1966,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2025-03-19T02:55:03.672","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"4-web-or-mls-FSF_9705.jpg\"},{\"Order\":2,\"Remarks\":\"2-web-or-mls-FSF_9695.jpg\"},{\"Order\":3,\"Remarks\":\"1-web-or-mls-FSF_9690.jpg\"},{\"Order\":4,\"Remarks\":\"3-web-or-mls-FSF_9700.jpg\"},{\"Order\":5,\"Remarks\":\"5-web-or-mls-FSF_9720.jpg\"},{\"Order\":6,\"Remarks\":\"6-web-or-mls-FSF_9725.jpg\"},{\"Order\":7,\"Remarks\":\"7-web-or-mls-FSF_9730.jpg\"},{\"Order\":8,\"Remarks\":\"13-web-or-mls-FSF_9505.jpg\"},{\"Order\":9,\"Remarks\":\"19-web-or-mls-FSF_9540.jpg\"},{\"Order\":10,\"Remarks\":\"20-web-or-mls-FSF_9535.jpg\"},{\"Order\":11,\"Remarks\":\"22-web-or-mls-FSF_9470.jpg\"},{\"Order\":12,\"Remarks\":\"26-web-or-mls-FSF_9570.jpg\"},{\"Order\":13,\"Remarks\":\"27-web-or-mls-FSF_9580.jpg\"},{\"Order\":14,\"Remarks\":\"28-web-or-mls-FSF_9585.jpg\"},{\"Order\":15,\"Remarks\":\"29-web-or-mls-FSF_9590.jpg\"},{\"Order\":16,\"Remarks\":\"30-web-or-mls-FSF_9600.jpg\"},{\"Order\":17,\"Remarks\":\"31-web-or-mls-FSF_9605.jpg\"},{\"Order\":18,\"Remarks\":\"32-web-or-mls-FSF_9615.jpg\"},{\"Order\":19,\"Remarks\":\"33-web-or-mls-FSF_9620.jpg\"},{\"Order\":20,\"Remarks\":\"34-web-or-mls-FSF_9625.jpg\"},{\"Order\":21,\"Remarks\":\"35-web-or-mls-FSF_9635.jpg\"},{\"Order\":22,\"Remarks\":\"36-web-or-mls-FSF_9640.jpg\"},{\"Order\":23,\"Remarks\":\"37-web-or-mls-FSF_9645.jpg\"},{\"Order\":24,\"Remarks\":\"38-web-or-mls-FSF_9655.jpg\"},{\"Order\":25,\"Remarks\":\"39-web-or-mls-FSF_9665.jpg\"},{\"Order\":26,\"Remarks\":\"40-web-or-mls-FSF_9670.jpg\"},{\"Order\":27,\"Remarks\":\"41-web-or-mls-FSF_9675.jpg\"},{\"Order\":28,\"Remarks\":\"42-web-or-mls-FSF_9680.jpg\"},{\"Order\":29,\"Remarks\":\"43-web-or-mls-FSF_9685.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29","SOURCE":"MG_NST"}

MLS# 66874837444 Cedar Avenue S Richfield, MN 55423

MLS# 6687483
7444 Cedar Avenue S Richfield, MN 55423