4376 Upper 71st Street E,Inver Grove Heights, MN 55076
Inver Grove Heights, MN 55076
Description
Rare suburban triplex in a premier Inver Grove Heights location an exceptional find for investors seeking stable, long-term cash flow outside the city core.This well-maintained 3-unit property sits on a spacious lot in one of the south metro's most livable communities, just minutes from the Mississippi River and surrounded by an impressive array of recreational amenities. Residents enjoy walkable access to a brand-new city park featuring a playground and splash pad, Swing Bridge Park, and a neighborhood dog park the kind of lifestyle draw that keeps quality tenants in place year after year.The property's long-term occupancy history speaks for itself: stable residents, consistent income, and minimal turnover. With gross monthly rents of $3,420, this is a turnkey cash-flowing asset with no heavy lifting required from day one.The oversized lot offers exceptional flexibility ample space for outdoor storage, recreational vehicles, or equipment, a rare perk in suburban multifamily that tenants genuinely value and that sets this property apart from anything comparable in the area.Triplexes in suburban locations like Inver Grove Heights almost never come to market. If you've been waiting for a multifamily opportunity that offers the stability of suburban demographics with the income profile of a true investment property, this is it.Also available is the next-door vacant lot at 7177 River Rd. Sold separately or together.
Details
| MLS # | 7095881 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 46 |
| Listing Provided By | Peritus Real Estate | John A Stiles |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,560 |
| Garage | 2 |
| Story(s) | 1 |
| Units | 3 |
| Zoning | Residential-Multi-Family |
| Acreage | 1.25 |
Interior
| Heating | Boiler, Radiator |
|---|
Exterior
| Roof | Flat, Rubber |
|---|---|
| Construction Materials | Block |
| Lot Features | Irregular Lot, Tree Coverage - Medium, Underground Utilities |
Parking
| Parking Features | Detached Garage, Gravel |
|---|
Taxes
| Property | 3806 |
|---|
Area Information
| State | MN |
|---|---|
| County | Dakota |
| City | Inver Grove Heights |
| Zip Code | 55076 |
| School District | 199 |
| High School | Inver Grove Hts. Community Schoo |
| Listing VS Median (in 55076) | |
Price: $465,000 low | high Med: $314,950 sqft: 2,560 low | high Med: 1,413 $ / sqft: $182 low | high Med: $229 On site: 46 low | high Med: 40.5 | |
Market Activity 55076
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Dakota |
| City | Inver Grove Heights |
| Zip Code | 55076 |
| School District | 199 |
| High School | Inver Grove Hts. Community Schoo |
| Listing VS Median (in 55076) | |
Price: $465,000 low | high Med: $314,950 sqft: 2,560 low | high Med: 1,413 $ / sqft: $182 low | high Med: $229 On site: 46 low | high Med: 40.5 | |
