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.
Listed By
Agency Name: Meta Realty
Agency Phone: 952-243-0037
Shown By
Agent Name: Tracy Kuchan
Agent Phone: (218) 289-7420
Agency Title: LeBlanc Realty
Estimated Payment
$ 1,664.99 per month $934.74 Principal & Interest $607.75 Property Tax $122.50 Homeowner's Insurance
3829 Lake Drive Avenue N | MLS# 7054532
This multi-family property located at 3829 Lake Drive Avenue N, Robbinsdale, MN 55422 is currently listed for sale with an asking price of $420,000. Lake Drive Avenue N is located within the Robbinsdale school district. Search Robbinsdale real estate on tkuchan.leblancrealty.com today.