2424 E 117th Street, Burnsville, MN 55337

Property Description

Great investment opportunity, easy to manage. A chiropractic clinic has been located in this location since the building was constructed in 2001. The previous owners of the clinic sold the business to the current owners who have leased the past 3 years and have signed a new 2 year lease. This is both a great cash on cash investment with a return over 9% and a high cap rate over 10%. The HOA is well run and the reserve fund is in great shape. A majority of the units are owner occupied, and the buildings and grounds are well maintained. If you are looking for a real estate investment that is very easy to manage with a nice return this is it.