16558 Franklin Trail Southeast

Prior Lake, MN 55372

$750,000
Price
—
Beds
—
Baths
4,160 Sq. Ft.
$180 / Sq. Ft.
4,160
Sq. Ft.
$180
per Sq. Ft.

Pending

Pending

Description

Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16578 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry,...Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16578 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!
  1. Listed by RE/MAX Advantage Plus

Property Details for 16558 Franklin Trail Southeast

Subdivision Name
Bluff Hts
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 01/02/2025 03:48 PM

Property Details for 16558 Franklin Trail Southeast

StatusPending
MLS #6622444
Days on Compass48
Taxes$6,928 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1978
Lot Size0.54 AC / 23,522 SF
CountyScott County

Building Information for 16558 Franklin Trail Southeast

Stories-Residences4Year Built1978Building Size-Lot Size0.54 AC / 23,522 SF

Property Information for 16558 Franklin Trail Southeast

Summary
Location and General Information
  • City Name: Prior Lake
  • County Or Parish: Scott
  • County: Scott-MN
  • Directions: Hwy 13 So. to 21 (Credit River Rd) turn lf proceed to 39 (Franklin Trl) turn rt to 4-plex (no sign)
  • Latitude: 44.7094513273
  • Longitude: -93.4209287271
  • Map Coordinate: 161-B4
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Prior Lake
  • City and Location Text: Prior Lake(MN)
  • Postal Code: 55372
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 251670020
  • Tax Annual Amount: $6,928.00
  • Tax Legal Description: Replt Lt 1 Blk 2 Bluff Hgts Lot 2 Bk1 E 110' of S 10' of Lot 3
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 6928.0000
School Information
  • High School District: 719 - Prior Lake-Savage Area Schools
  • School District Number: 719
  • School District Phone: 952-226-0000
Property
Lot Information
  • Above Grade Fin SQFT: 2080.0
  • Below Grade Fin SQFT: 2080.0
  • SQFT Total: 4160.0
  • Lot Features: Corner Lot
  • Lot Size Area: 0.54
  • Lot Size Dimensions: 110x200x100x188
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • SQFT Main Total: 2080.0000
  • Building Area Total: 4160.0
  • Above Grade SqFt Total: 2080.0000
  • Below Grade SqFt Total: 2080.0000
Property and Assessments
  • Age Of Property: 47
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Coin-op Laundry Owned
  • Fencing: Chain Link, Partial
  • Foundation Area: 2080.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Curbs, Paved Streets
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Asphalt
Interior Features
  • Basement Type: Daylight/Lookout Windows, Drain Tiled, Sump Pump
  • DP Resource: Y
  • Garage Square Feet: 1440
  • Heating: Forced Air
  • Levels: One
  • Number of Refrigerator: Four
  • Shared Rooms: Other
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Appl: Dishwasher,Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 150.00
  • Unit Rooms Total: 5
  • Unit SqFt: 0
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 3
  • Unit Type Total Rent: 0
Unit 2
  • Unit Appl: Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 150.00
  • Unit Rooms Total: 4
  • Unit SqFt: 0
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Type Total Rent: 0

Property History for 16558 Franklin Trail Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16558 Franklin Trail Southeast

Taxable ValueLand$80,000Additions$488,200Total$568,200
Tax Record2024$6,928 ($577 / month)
Home Facts
Total Finished SqFt3,520 SqFtAbove Grade Finished SqFt3,520 SqFtLot Size23,522 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountySCOTTAPN25-167002-0

Schools near 16558 Franklin Trail Southeast

This home is within Prior Lake-Savage Area Schools.
Rating
School
Type
Grades
Distance
Westwood Elementary School
Public - K to 5
Hidden Oaks Middle School
Public - 6 to 8
Twin Oaks Middle School
Public - 6 to 8
Prior Lake High School
Public - 9 to 12
Rating
School
Distance
Westwood Elementary School
PublicK to 5

Hidden Oaks Middle School
Public6 to 8

Twin Oaks Middle School
Public6 to 8

Prior Lake High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Advantage Plus

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 01/02/2025 03:48 PM