7920 Terrace Road Ne, Spring Lake Park, MN 55432

$350,000
  • 7920 Terrace Road Ne, Spring Lake Park, MN 55432 Main Photo

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New to the Market Pending
BEDS0 BATHS SQUARE FEET1,728 MLS#7049215
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFerndale Add SCHOOLSpring Lake Park

Property Description

Rare opportunity to own a side-by-side duplex with one side vacant for owner-occupancy and the other side leased month-to-month, offering immediate rental income. Each unit features 2 bedrooms, 1 bathroom, an attached garage stall, and access to a shared onsite laundry room conveniently located between the units. Situated on a spacious lot with large front and back yards, the property offers mature trees, plenty of shade, and ample on-street parking. Unit 7922 has seen recent cosmetic updates including new flooring, carpet, and freshly painted kitchen cabinets. This property presents a solid opportunity for investors looking to expand their portfolio or for an owner-occupant looking to offset their mortgage with rental income. Recent mechanical updates include a new furnace and water heater in 2024, along with a new laundry tub in 2025. Conveniently located near schools, parks, Mercy Hospital, public transportation, and several retail and shopping areas, this property offers easy access to everyday amenities for both tenants and future owners alike.

7920 Terrace Road Ne | MLS# 7049215

This multi-family property located at 7920 Terrace Road Ne, Spring Lake Park, MN 55432 is currently listed for sale with an asking price of $350,000. Terrace Road Ne is located within the Spring Lake Park school district. Search Spring Lake Park real estate on ness.leblancrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Garage: 2
Heating: Forced Air
Lot Size: 0.36 Acres
Roof Type: Age Over 8 Years, Asphalt
Taxes: $4,538
Year Built: 1958

Feature Descriptions

Accessibility: No Stairs Internal
Days on Site: 4
Foundation Size: 1728
Lot: Tree Coverage - Light
Lot Dimensions: 120x129
Owners Expense: Gas, Insurance, Repairs, Sewer, Taxes, Water
Parcel#: 023024310022
Parking: Attached Garage, Asphalt
Road Frontage: City Street
Sewer: City Sewer/Connected
Shared Rooms: Other
Units: 2
Water: City Water/Connected

Local Schools

School District: Spring Lake Park

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Phone: 763-591-6000

Shown By

Agent Name: Andrea Ness
Agent Phone: (218) 281-7451
Agency Title: LeBlanc Realty

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Estimated Payment

$ 1,259.20 per month $778.95 Principal & Interest $378.17 Property Tax $102.08 Homeowner's Insurance

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