Unique four-unit investment opportunity in a highly desirable location near Lake Minnetonka and area trail systems. This non-conforming property features three separate buildings consisting of a duplex and two detached tiny homes, with four separate mailing addresses. The property has an exceptional rental history with no vacancy in the past 15 years, and all four units are currently occupied. The duplex offers one-bedroom units, each with a kitchen, family room, basement storage, private laundry, and attached garage stall. The detached tiny homes provide additional rental flexibility and strong tenant appeal with affordability. Recent improvements include a duplex remodel with new refrigerator and stove in 2022, new siding and two windows on the duplex in 2025, three new furnaces serving both duplex units and the larger tiny home in 2025, a new furnace motherboard in the smaller tiny home in 2025, and new siding on the larger tiny home in 2024. New side deck/stairs on duplex in 2026. The property offers significant upside potential for investors willing to make additional improvements. Being sold as-is and priced accordingly to reflect condition. Rare opportunity to acquire an income-producing property in a sought-after Lake Minnetonka area location.
| MLS # | 7104668 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 47 |
| Listing Provided By | Coldwell Banker Realty - Southwest Regional | Ryan M Platzke |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,706 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.18 |
| Heating | Forced Air |
|---|
| Roof | Age Over 8 Years, Asphalt, Pitched |
|---|---|
| Lot Features | Tree Coverage - Medium |
| Parking Features | Attached Garage, Gravel, Other |
|---|
| Property | 3680 |
|---|
| State | MN |
|---|---|
| County | Hennepin |
| City | Spring Park |
| Zip Code | 55384 |
| Community Name | Pattees Hillcrest |
| School District | 277 |
| High School | Westonka |
| Listing VS Median (in Pattees Hillcrest) | |
Price: $299,000 low | high Med: $299,000 sqft: 1,706 low | high Med: 1,706 $ / sqft: $175 low | high Med: $175 On site: 47 low | high Med: 47 | |
| State | MN |
|---|---|
| County | Hennepin |
| City | Spring Park |
| Zip Code | 55384 |
| Community Name | Pattees Hillcrest |
| School District | 277 |
| High School | Westonka |
| Listing VS Median (in Pattees Hillcrest) | |
Price: $299,000 low | high Med: $299,000 sqft: 1,706 low | high Med: 1,706 $ / sqft: $175 low | high Med: $175 On site: 47 low | high Med: 47 | |
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