3524 Lake Elmo Avenue N, Lake Elmo, Minnesota, 55042 United States
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3524 Lake Elmo Avenue N
Lake Elmo, Minnesota, 55042 United States

Price
$512,500 USD
Interior
1,575 Sq Ft.
Exterior
0.2 Acre(s)
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Gretchen Nelson
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Gretchen Nelson
Sales Associate, REALTOR®
O: 651.419.6300
800255.lead.459171606@leads.leadrouter.com
office
Lakes Sotheby's International Realty

124 N Main St

Stillwater, Minnesota, 55082 United States

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Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby's International Realty Affiliates LLC is a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744.

Amenities & Lot Features

Listing Details
Property ID
6411135
MLS#
6411135
Price
$512,500
Property type
Residential Income
Status
Sold (8/25/2023)
Subdivision
County Auditors 08
County
Washington County
Utilities & Building
Year Built
1890
property taxes
$4,832/Year
total sqft
1,575
Lot Size Unit
Acre(s)
Lot Size
0.2
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Image 3524 Lake Elmo Avenue N
Image 3524 Lake Elmo Avenue N
Property details
Property type
Residential Income
Status
Sold
Year Built
1890
property taxes
$4,832/Year

3524 Lake Elmo Avenue N

Amazing investor opportunity in the heart of downtown Lake Elmo- two exceptional duplexes on one parcel! Duplex #1 faces Lake Emo Ave & Duplex #2 is behind on 35th St. Four convenient off-street parking spaces for tenants. All four units are 1 bed/1 bath with long-term tenants in place, paying month to month. Rent is currently below market rate. Tenants pay gas/electric/heat and garbage. Owner pays water/sewer, maintenance, taxes and insurance. Zoning is mixed use, opening up greater opportunity for buyer's use of property. Lake Elmo is growing, and downtown boasts a coffee shop and other wonderful small businesses, restaurants and gift shop- This is the place to be! Buyers must show proof of funds if paying with cash or an investor funding pre-approval letter prior to scheduling a showing. Approximate annual expenses: taxes - $5556; lawn - $1650; snow - $540; water/sewer - $600; insurance - $2897.

Listing Courtesy of Bridge Realty, LLC
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