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16558 Franklin Trail SE

Prior Lake, MN 55372

– beds
– baths
4,160 sqft
$180 per sqft
1978 build
– on site

Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16578 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!

Listing courtesy of NORTHSTAR / Mark Gores / RE/MAX Advantage Plus

Last checked: Checking… • Last updated Nov 6, 2024 •

MLS# 6622444 —

The Building

Year Built:

1978
New Construction:

false
Age Of Property:

46
Construction Materials:

Fiber Cement
Roof:

Age Over 8 Years, Asphalt
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

2080.0000
Basement:

Daylight/Lookout Windows, Drain Tiled, Sump Pump
Basement:

true
Foundation Area:

2080
Building Area Total:

4160
Above Grade Finished Area:

2080
Below Grade Finished Area:

2080

Room Dimensions

Living Area:

4160

Location

Directions:

Hwy 13 So. to 21 (Credit River Rd) turn lf proceed to 39 (Franklin Trl) turn rt to 4-plex (no sign)
Latitude:

44.7094513273
Longitude:

-93.4209287271

The Property

Parcel Number:

251670020
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Apartment
Additional Parcels:

false
Lot Features:

Corner Lot
Lot Size Area:

0.54
Lot Size Dimensions:

110x200x100x188
Lot Size Units:

Acres
Road Frontage Type:

City Street, Curbs, Paved Streets
Road Responsibility:

Public Maintained Road
Fencing:

Chain Link, Partial
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

6928
Tax With Assessments:

6928.0000

Heating & Cooling

Heating:

Forced Air

Utilities

Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Four

Schools

High School District:

Prior Lake-Savage Area Schools

The Community

Subdivision Name:

Bluff Hts
Association Amenities:

Coin-op Laundry Owned
Assessment Pending:

Unknown

Parking

Parking Features:

Assigned, Detached, Asphalt, Shared Driveway, Garage Door Opener, No Int Access to Dwelling
Garage Spaces:

5
Garage SqFt:

1440

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/1/24 Nov 1, 2024	Listed / Active	NORTHSTAR	$750,000
11/13/07 Nov 13, 2007	Sold	DAAR

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This multifamily located in Prior Lake, MN 55372 is currently for sale for $750,000. 16558 Franklin Trail SE is a 4,160 square foot multifamily with – beds and – baths that has been on Estately for 23 days. This multifamily is in the attendance area of Prior Lake High School, Hidden Oaks Middle School, Westwood Elementary School, and Twin Oaks Middle School.

Listing Courtesy of: NORTHSTAR and RE/MAX Advantage Plus.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2024 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.