About 2424 E 117th Street
Great investment opportunity, easy to manage. A chiropractic clinic has been located in this location since the building was constructed in 2001. The previous owners of the clinic sold the business to the current owners who have leased the past 3 years and have signed a new 2 year lease. This is both a great cash on cash investment with a return over 9% and a high cap rate over 10%. The HOA is well run and the reserve fund is in great shape. A majority of the units are owner occupied, and the buildings and grounds are well maintained. If you are looking for a real estate investment that is very easy to manage with a nice return this is it.
Features of 2424 E 117th Street
| MLS® # | 6801894 |
|---|---|
| Price | $320,000 |
| Bathrooms | 0.00 |
| Acres | 0.04 |
| Year Built | 2001 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Style | Office |
| Status | Active |
Community Information
| Address | 2424 E 117th Street |
|---|---|
| Subdivision | Cliff Cove Town Office Park |
| City | Burnsville |
| County | Dakota |
| State | MN |
| Zip Code | 55337 |
Amenities
| Amenities | In-Ground Sprinkler System |
|---|---|
| Garages | Guest Parking, Parking Lot, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Gas Water Heater |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air, Zoned |
| Fireplace | No |
Exterior
| Lot Description | Public Transit (w/in 6 blks), Some Trees |
|---|---|
| Roof | Age Over 8 Years |
| Construction | Brick Veneer, Fiber Board |
School Information
| District | Burnsville-Eagan-Savage |
|---|
Additional Information
| Days on Market | 9 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $6,976 |
Listing Details
| Office | Re/Max Advantage Plus |
|---|