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7632 Pleasant Avenue, Richfield, MN 55423
$624,999
SQUARE FEET 4,008
MLS# 7043836
STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Sunset Terrace
SCHOOL: Richfield
Property Description
Rarely available fourplex in a highly convenient Richfield location offering strong rental demand and long-term tenants. This well-maintained property features three 2-bedroom units and one 1-bedroom unit, making it an ideal addition to an investor's portfolio, owner occupant or a great opportunity for a first-time multifamily buyer looking to build passive income.Recent capital improvements provide peace of mind, including a new boiler (2025), newer windows and a complete remodel of Unit 2 in 2024 featuring new carpet, fresh paint, new blinds, new living room windows, updated kitchen cabinets, countertops, appliances, and remodeled bathroom with tile tub/shower. The property benefits from month-to-month leases with long-term tenants and historically low turnover, helping provide consistent income and flexibility for future rent adjustments.Located in Southwest Richfield, the property offers excellent accessibility to major highways, shopping, restaurants, and parks, and is just minutes from the Mall of America and MSP Airport, making it an attractive location for renters. The neighborhood also offers strong amenities and transportation access, further supporting long-term rental demand.
Property Features
Property Type: Multi Unit - Multiple Basement: Block, Other Heating: Boiler Lot Size: 0.26 Acres Taxes: $9,141 Year Built: 1966
Feature Descriptions
Days on Site: 9
Foundation Size: 2079
Lot: Public Transit (w/in 6 blks)
Lot Dimensions: 75 x 122
Owners Expense: Gas, Insurance, Grounds Care, Sewer, Taxes, Trash Collection, Water
Parcel#: 3402824330026
Parking: Parking Lot
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity
Units: 4
Water: City Water/Connected
Local Schools
School District: Richfield
Listed By / Shown By
Agency Name: Eos Realty, LLC
Agency Phone: 651-330-3359
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Estimated Payment
$ 4,270.55 per month
$3,326.51 Principal & Interest
$761.75 Property Tax
$182.29 Homeowner's Insurance
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7632 Pleasant Avenue | MLS# 7043836
This multi-family property located at 7632 Pleasant Avenue, Richfield, MN 55423 is currently listed for sale with an asking price of $624,999. Pleasant Avenue is located within the Richfield school district. Search Richfield real estate on scarlson.counselorrealty.com today.