Watch the Virtual Tour and inquire about the Information Supplement!
Visit the Detailed Listing – 2595 Lydiard Circle, Excelsior, MN
Stunning duplex set in a wooded cul-de-sac in the heart of Lake Minnetonka. Owner-occupy or purchase as a fully-leased investment property with compelling NOI. Luxury finishes, private laundry, open floor plans, separate utility meters, high-efficiency mechanicals, stainless appliances, LP SmartSiding. Close to Lydiard Beach, trails and lake hotspots. Unit 1 on month-to-month lease. Unit 2 has three years remaining on an escalating lease.
🔶 6.6% cap rate 🔶 $49,730 net operating income (NOI)! 🔶
The real estate is situated in a prime central Lake Minnetonka neighborhood within walking distance to Navarre providing shopping, grocery, entertainment, and dining, as well as a private beach. Being one of only two multifamily properties in the neighborhood, tenants are able to enjoy a true “ownership” type experience. New construction multi unit projects such as this are a great find and, when available, lease at higher rates than competing older properties.
☎☎Brian @ 651-560-5060 ☎☎