Colonial Apartments 16-Unit | Lexington, MN

$975,000

8963 Syndicate Avenue, Lexington, MN 55014

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 12/02/2025

Details:

Building Size: 8,960 sqft

Lot Area: 0.444 acres

Occupancy: 100%

Units: 16

Year Built: 1960

Floors: 2

Offered by

Chad Heer

CCIM |Broker

KW Commercial

Request Info to Unlock

Highlights:

Value-Add 16-Unit Multi-Family opportunity located in Lexington, MN (Anoka County)
Well located apartment building, close to the freeway, bus lines, restaurants and parks
Short-term leases, with below market rents which offers flexibility to the new owner
A mix of original, remodeled and refreshed units throughout the building
Lower cost option in the area, with the ability to increase NOI with building improvements
Laundry in the building and tenants pay Electric

Description:

Introducing a prime investment opportunity in Lexington, MN, close to restaurants, shopping, freeway access, and area amenities. This 8,960 SF multi-family property, located in Anoka County, boasts 16 units, with 15, 1BR/1BA units and one Studio Apartment.
Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded by recent construction of larger apartment buildings.

Conveniently located in Lexington, MN, just north of the Minneapolis / St. Paul Twin Cities area.

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Documents:

	Title
	8963 Syndicate Avenue _ Open House_Tours & Offer Protocol.pdf	View View Document
	8963 Syndicate Ave Videos	View View Document
	8963 Syndicate Avenue 16-Unit \| Marketing Brochure	View View Document
	8963_Syndicate_Avenue_16-Unit___Marketing_Brochure.pdf	View View Document