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29034537
29034538

4001 Mavelle Drive, Edina, MN 55435

ZZ
40476491
$2,750,000
146 days on market
Updated 63 days ago

4001 Mavelle Drive

Details
Property Type Multifamily
Sub Type Apartment Building
Units 12
Cap Rate 5.00%
Occupancy 100%
Class C
Year Built 1961
Year Renovated 2024
Buildings 3
Stories 3
Investment Type Value Add
Sale Condition 1031 exchange

Prime Edina Tucked in Tree-Lined Location 1/2 From France & 70th St

Marketing description

Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans.

Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District.

This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space.

Additional features include:

  • Baseboard hot water radiant heat for consistent comfort

  • Tenants pay electric

  • Coin-operated laundry on site

Located in Edina—one of the most affluent close-in suburbs of Minneapolis—the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district, which includes hospitals, physician offices, and high-end shopping destinations. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina).

1031 Exchange property.

Investment highlights

Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans.

Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, and Southdale Center, Cub Foods, Target, etc. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District.

This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space.

Additional features include:

  • Baseboard hot water radiant heat for consistent comfort

  • Tenants pay electric

  • Coin-operated laundry on site

Located in Edina—one of the most affluent close-in suburbs of Minneapolis, the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district with hospitals, physician offices, and high end shopping spots. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina).

1031 Exchange property.

Listing Contacts

ZZ
40476491

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Additional Information

Name
Zuo Zhi
License
40297472
Brokerage
Sweet Home Realty LLC
Brokerage Phone
952.270.8770
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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