Property Listing
Description
High-performing, fully occupied duplex with strong in-place income and minimal landlord expense. This cash-flowing asset features a 3-bedroom, 1-bath upper unit and a 4-bedroom, 1-bath lower unit, a rare bedroom count that supports strong rental demand. The upper unit has recently been upgraded with a new kitchen, refinished floors, and fresh paint, positioning it well for continued rent strength and reduced near-term capital needs. The lower 4-bedroom unit is occupied by a long-term tenant, adding stability to the rent roll. City would consider converting this to a triplex for owner additional value add by turning the basement space, currently part of the 4-bedroom unit, to a third 1-bedroom unit. This is an investor-friendly setup with gas, electric, and water all separately metered, keeping utility responsibility on the tenants and helping protect operating margins. The property also offers a quiet wooded backyard, a feature that adds tenant appeal beyond the typical duplex offering. Convenient location near bus stops, major highway access, and downtown Robbinsdale makes it attractive for commuters and supports long-term occupancy. Ideal for investors seeking a stabilized asset with solid unit mix, tenant-paid utilities, recent improvements, and strong rental fundamentals in a desirable first-ring suburb location.
Property Information
Status: Active
Sub Type: ********
List Price: $420,000
MLS#: 7054532
Current Price: $420,000
Address: 3829 Lake Drive Avenue N, Robbinsdale, MN 55422
City: Robbinsdale
State: MN
Postal Code: 55422
Geo Lat: 45.036468
Geo Lon: -93.329386
Subdivision: Robbin Terrace Add
County: Hennepin
Property Description
Year Built: 1964
Lot Size SqFt: 9147.6
Gen Tax: 7293
Specials Inst: 0
High School: Robbinsdale
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3024
Style: Array
Total Bedrooms: 6
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
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