08/07/2026
Turnkey 4-Plex Investment Opportunity in Bloomington, MN
8843 18th Ave S, Bloomington, MN
Take advantage of this opportunity to acquire a well-maintained four-unit apartment building with long-term renters in one of the Twin Cities' most desirable rental markets. The property features a strong unit mix of three 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment, appealing to a broad tenant base while providing dependable income potential.
Investment Highlights
Gross Annual Rental Income: $51,600
Gross Estimate of Income from coin-operated laundry: $1680
Annual Operating Expenses: Approximately $11,000
Four total units
Three 2-bedroom, 1-bath units, rent $1125
One 1-bedroom, 1-bath unit, rent $925
Located in Bloomington, Minnesota's fourth-largest city
Minutes from Mall of America and major employment centers
Significant recent capital improvements reduce near-term maintenance expenses
With annual rental income of $51,600 and operating expenses of approximately $11,000, this property provides a strong foundation for consistent cash flow and long-term appreciation.
Extensive Capital Improvements
Major systems have already been updated, helping preserve value and reduce future capital expenditures.
New roof (2023)
New water heater (2024)
New dryer (2024)
Washer replaced (2021)
Exterior trim professionally painted (2026)
HVAC repairs completed
Plumbing repairs completed
Tree removal for improved safety and curb appeal
View this listing photographed by Bouldin Photography LLC
