4001 Mavelle Dr - Apartments FOR SALE


Edina, MN 55435
$2,750,000 USD
651-998-0858
4001 Mavelle Dr, Edina, MN for Sale
$2,750,000 USD
Apartments - FOR SALE
1/18
null | 5.09% Cap Rate

4001 Mavelle Dr
Edina, MN 55435


OVERVIEW

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. The property also includes 12 separate garages for all units and unassigned 12 surface parking spaces. 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 enormous 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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

12

PRICE/UNIT

$229,167

CAP RATE

5.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Galleria House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

Residential

APN/PARCEL ID

31-028-24-11-0083

ASK ABOUT THIS PROPERTY

Zoe ZhiSweet Home Realty LLCMore Info
651-998-0858

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Zoe ZhiSweet Home Realty LLCMore Info
651-998-0858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.