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For Sale:  Hopkins MLS# 7039259

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Active NEW!
$875,000
/mo Edit
Commercial:  Other
Built 1958
0.2 acres
Crandon schools
MLS# 7039259
763-576-8286
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    Property Description

    Don’t miss this turnkey, fully leased seven-unit apartment building on Excelsior Blvd in Hopkins — one of the most accessible and tenant-friendly corridors in the western suburbs. All seven units are one-bedrooms, which means consistent tenant profiles, straightforward management/maintenance, and no complex infrastructure to worry about. New boiler and newer driveway mean the major capital items are already done. This is a running operation, not a renovation project. The price per unit is in line with what buyers are currently paying for 2-4 unit buildings in Hopkins. Seven doors for the cost of four is a rare find in this market, and it makes this an ideal move for an investor rolling out of a duplex or single family investment property looking to scale without taking on a complex asset. Easy to self-manage, low maintenance unit mix, and a location that provides historically low to no vacancy. Excelsior Blvd puts tenants within walking distance of restaurants, grocery, retail, and Park Nicollet Methodist Hospital just over a mile away. 494 corridor is also minutes away, which covers both commuters and anyone who prefers to get around without a car. Tenants have what they need close by, and that shows up in retention.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $875,000
    Property Type: Commercial
    City: Hopkins
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1958
    State: MN
    Property Style: Other
    Zip Code: 55343

    Interior

    Refrigerators: One Per Unit
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: Daylight/Lookout Windows

    Exterior

    Garage Spaces: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 2,940 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Hot Water
    Parking Features:
    • Gravel
    • Open
    Shared Amenities: Coin-op Laundry Owned
    Unit Amenities: Hardwood Floors
    Road Frontage: County Road
    Pool: None
    Roof Details: Flat

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.2
    Geolocation: 44.9255369412, -93.3848418057
    Inclusions: Building
    Lot Dimensions: 100 X 90
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Medium

    Schools

    School District: 1218
    District Phone: 9529884000

    Expenses

    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $11,680
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $11,680

    Units

    Total Units: 7

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.