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Sold for $660,000
Sold for $660,000
7116 Cedar Ave S Richfield, MN 55423
$660,000
CLOSEDBeds
0
Baths
0
Sqft
0
Acres
0.39
Year
1959
Close Date
Dec 29, 2020
Property Type
Commercial Sale
Sub Type
Per Square Foot
$660,000
Date Listed
Nov 20, 2020
Description of 7116 Cedar Ave S, Richfield, MN 55423
Listing details for 7116 Cedar Ave S, Richfield, MN 55423 : Turn key 7 unit! Incredible investment opportunity to own this beautiful apartment that boasts a new boiler, water heaters, updated electric, and new windows throughout. All units are currently occupied and come with a separate storage locker and 1 car garage! Seven 1-bedroom units. Great rental history in a convenient location near the Mall of America, the airport, and more! Coin operated laundry is owned. See supplements for current lease information.
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Listing Updated : 08-24-2026 at 8:33 AM CDT
Property Details
Property Overview
Listing Price
$660,000
MLS #ID
NST5687686
Close Price
$660,000
Close Date
Dec 29, 2020
Bedrooms
0
Bathrooms
0
Square Footage
0
Acres
0.39
Year
1959
Days on Site
5 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Nov 20, 2020
Location
Street Address
7116 Cedar Ave S
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
S on Cedar, exit Diagonal Blvd., S 2 blocks.
Schools
School District
Construction / Architecture
Year Built
1959
Roof
Age 8 Years or Less and Asphalt
New Construction
No
Price per Sq Ft
$0
Lot Features
Irregular Lot
Lot Size (Acres)
0.39
Lot Dimensions
120x139
Interior Details
Appliances
Cooktop, Dryer, Freezer, Range, Refrigerator and Washer
Fireplace
No
Heating
Baseboard
Cooling
Wall Unit(s)
Exterior Details
Garage
No
Garage Spaces
7
Parking Features
Detached Garage and Asphalt
Exterior Features
Stone and Stucco
Fencing
None
Water Source
City Water/Connected
Sewer
City Sewer/Connected
Taxes, HOA & Financing
Annual Property Tax
$10,976.00
HOA Fee Includes
None
Association Amenities
Coin-op Laundry Owned
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: NST5687686
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Property History
DateEventPrice
12/29/2020
Sold
$660,000
Source:NorthstarMLS #NST5687686
NorthstarMLS #NST5687686 11/20/2020
Listed for sale
—
Source:NorthstarMLS #NST5687686
NorthstarMLS #NST5687686Location of 7116 Cedar Ave S, Richfield, MN 55423
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Based on information submitted to the MLS GRID as of 2026-08-24. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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