14349 Hemlock Ct S Apple Valley, MN 55124

Listing details for 14349 Hemlock Ct S, Apple Valley, MN 55124 : Turnkey 12-bedroom four-plex in prime Apple Valley location. Fully leased and generating $78,780 in annual gross rents, this 4-unit property offers immediate cash flow with built-in upside. Each unit features 3 bedrooms, 2 bathrooms, approximately 1,300 finished square feet, in-unit laundry, and an attached one-car garage with additional off-street parking. Roof was replaced in 2025. All units are separately metered with tenants paying gas, electric, water, trash, and all utilities—keeping owner expenses low and predictable. Lease terms are primarily 12-month agreements with staggered expirations extending through 2026 and 2027, providing stability and reduced turnover risk. Current rents range from $1,595 to $1,725 per month, with three units positioned below market—offering clear opportunity for future rental growth through natural turnover and light cosmetic improvements. Located near Apple Valley High School with strong rental demand and convenient access to shopping, dining, and major commuting routes. A clean, stabilized asset with upside potential in a strong Dakota County rental market.