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7444 Cedar Ave S
Richfield, MN 55423 Southeast Richfield

$2,875,000 USD

Apartments For Sale • 21,000 SF

Property Details

Property Type Apartments
Total Building Size 21,840 SF
Lot Size 0.88 AC
Building Class C
Year Built 1966
Cap Rate 7.27 %
Zoning Multi-Family

45 Transit Score

28 Walk Score

                
                    Highlights
                
                                NEWER ROOF AND WINDOWS 
                            
                                ALL BRICK EXTERIOR
                            
                                10 DETACHED GARAGES
                            
                                100% FULLY OCCUPIED AND STABILIZED 
                            
                                SITS ON A SUPER LARGE 0.88 ACRES 
                            
                                NEWER ELECTRICAL CIRCUIT PANELS

Property Flyers

7444 Cedar Ave 23 units

Financial Summary (Proforma)

Net Operating Income: $208,880 USD (2026)

Cap Rate:	7.27 %
Total Expenses:	$124,786 USD

Amenities

Air Conditioning
Cable Ready
Controlled Access
Dishwasher
Laundry Facilities
Microwave
Picnic Area
Heating
Ceiling Fans
Tile Floors
Eat-in Kitchen
Kitchen
Hardwood Floors
Refrigerator
Oven
Range
Carpet
Yard
Double Pane Windows
Freezer
Intercom
Lawn
Vinyl Flooring
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Target Field Station (Northstar Corridor - Northstar Commuter Rail)	21 min	-	9.9 mi
Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	10 min	-	4.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Nathan Opatz 651-263-3653 Apartment Cash Flow, Inc

7444 Cedar Ave S Richfield, MN 55423 Southeast Richfield