For Sale: Brooklyn Center MLS# 7081408
Active
NEW!
$2,690,000
Commercial: Other
Built 2022
1.51 acres
Robbinsdale schools
MLS# 7081408
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Introducing a rare, low-risk multifamily development opportunity featuring two newly constructed triplexes alongside five additional fully entitled triplexes ready for immediate vertical construction. This offering presents a unique chance for investors and developers to acquire a substantially de-risked infill project with completed infrastructure, approved entitlements, and comprehensive construction documentation already in place.
The property currently includes two completed triplex buildings that are newly constructed and positioned for immediate occupancy or lease-up. These completed units provide near-term income potential while also showcasing the quality, design standards, and functionality approved for the broader development. The existing improvements allow buyers to generate cash flow while simultaneously advancing the remaining phases of construction.
In addition to the completed buildings, the project includes full entitlements for five additional triplexes, significantly reducing both development timelines and entitlement-related uncertainty. All discretionary approvals have already been secured, eliminating one of the most time-consuming and unpredictable components of the development process. Buyers can move forward with confidence knowing the project has already achieved municipal approvals and is positioned for efficient execution.
The site has also undergone substantial horizontal development work, with all major infrastructure improvements completed. Roads, utilities, grading, drainage systems, and supporting site work are already in place, creating a true shovel-ready opportunity. By avoiding the delays and capital requirements often associated with early-stage infrastructure work, investors can focus directly on vertical construction and project delivery.
To further streamline execution, the seller will provide comprehensive architectural and engineering plan sets, including architectural drawings, civil engineering plans, and all supporting documentation associated with the approved development. This allows for a seamless transition to a new owner and provides the ability to accelerate building permit applications and construction commencement timelines.
The combination of completed product, fully approved expansion capacity, and finished site infrastructure creates a highly attractive investment profile with substantially reduced pre-development risk. Unlike many multifamily development opportunities that require years of planning, entitlement processing, and infrastructure coordination, this project is positioned for immediate continuation and rapid delivery of additional units to market.
The property is ideally suited for investors, developers, or owner-operators seeking a near-turnkey multifamily development opportunity in a strong and growing market. With immediate income potential from the completed triplexes and a clearly defined path to expansion, the project offers both short-term operational upside and long-term value creation. The ability to quickly move into vertical construction on the remaining buildings provides a significant competitive advantage in today’s market environment, where entitlement delays and rising construction costs continue to impact project timelines.
This offering represents an exceptional opportunity to acquire a thoughtfully planned and substantially completed multifamily development with minimal entitlement risk, reduced execution uncertainty, and the infrastructure necessary to support efficient project completion.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,690,000
Property Type:
Commercial
City:
Brooklyn Center
Garage Spaces:
0
County:
Hennepin
Year Built:
2022
State:
MN
Property Style:
Other
Zip Code:
55429
Subdivision Name:
Wangstads Brooklyn Terrace
Interior
Bedrooms:
0
Bathrooms:
0
Ceiling Height:
8-10
Flooring:
Luxury Vinyl Plank
Refrigerators:
Six or More
Appliances Included:
- Chandelier
- Dishwasher
- Disposal
- Dryer
- Exhaust Fan
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Single Tenant Access
- Sump Pump
- Tile Shower
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1,175 ft2
Fencing:
Privacy
Handicap Accessible:
None
Road Responsibility:
Association Maintained Road
Heating System:
Forced Air
Parking Features:
- Open
- Paved Lot
Unit Amenities:
- Kitchen Center Island
- Porch
- Primary Bedroom Walk-In Closet
- Tile Floors
- Walk-In Closet
- Washer/Dryer Hookup
Road Frontage:
Private Road
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.51
Geolocation:
45.065442, -93.326355
Inclusions:
Building, Land
Lot Dimensions:
0
Addl Parcels:
0311821120098, 0311821120015, 0311821120016
Zoning:
Other
Lot Description:
- Cleared
- Corner Lot
- Infill Lot
- Public Transit (w/in 6 blks)
Farm
Topography:
Level
Schools
School District:
281
District Phone:
7635048000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$34,338
Lender-owned:
Not Disclosed
Assessment Pending:
No
Taxes w/ Assessments:
$34,338
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.