Lake Homes Realty
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732 vernon avenue nw

Elk River, MN 55330

7 BEDS 3-Full BATHS
0.75 AC LOT
Residential - Single Family
Image 1
Bedrooms 7
Total Baths 3
Full Baths 3
Acreage 0.75
Status Off Market
MLS # 6725640
County Sherburne
More Info
Category Residential - Single Family
Status Off Market
Acreage 0.75
MLS # 6725640
County Sherburne
Excellent Investment Opportunity in Elk River! Here’s a great chance for investors to secure a well-maintained, income-producing triplex in the heart of Elk River. Originally remodeled in 2019 with the intent of being used as a three-unit rental, the property has been kept in excellent condition and complies with the Elk River Interim Use Permit (IUP). In 2025, the seller completed several updates, including the 2 vacant units being professionally painted, walls, trim and doors, kitchens and bathrooms, and the addition of several new windows—enhancing both the look and function of the home. The 2019 updates included new siding, updated kitchen cabinetry in two units, new interior doors and flooring, and all-new appliances, which remain in good working order. All systems are currently functioning well with no known issues. Each of the three separate units features in-unit laundry, a full kitchen, bathroom, and designated dining and living areas. Unit 1 includes three bedrooms, Unit 2 is a one-bedroom, and Unit 3 (garden level) offers three bedrooms. Whether you're a seasoned investor or just starting out, this Elk River triplex offers strong rental income, updated finishes, and excellent tenant flexibility in a convenient and growing location. This is a limited opportunity—please reach out if interested. Agents: See agent remarks for further info.
Location not available

Exterior Features

  • Construction Single Family Residence
  • Siding Vinyl Siding
  • Garage Yes
  • Garage Description Attached Garage, Asphalt, Garage Door Opener
  • Water City Water/Connected
  • Sewer City Sewer/Connected
  • Lot Description Many Trees

Interior Features

  • Appliances Dryer, Gas Water Heater, Range, Refrigerator, Washer
  • Heating Forced Air
  • Cooling Central Air
  • Basement Finished, Full
  • Year Built 1990

Financial Information

  • Parcel ID 754020215
  • Zoning Residential-Single Family