Property Listing
Description
Investor opportunity. This well-maintained split-level townhome is tenant-occupied through 2027, providing immediate rental income with no vacancy period. The existing lease includes built-in annual rent increases, offering predictable year-over-year income growth, and the property is occupied by a great, long-term tenant. The upcoming $10,000 HOA assessment will be paid by the seller, with planned HOA improvements scheduled for 2026 and 2027 and no increase to HOA dues for the new owner. Additional equity remains for the next investor and upcoming updates will increase the home and community value. The large, open kitchen features loads of storage, well-maintained appliances including a dishwasher, vented range hood, and a double-pane sliding glass door leading to the back deck. Two bedrooms and an updated full bath with double vanity are located on the upper level. The lower level includes a family room, third bedroom, second bathroom, laundry room, and direct access to the attached two-car garage. Additional features include updated lighting, LVP flooring in bedrooms, tile entries, NEW double-pane windows, insulated garage door, central AC, and a newer water heater (2021). Located near parks, trails, shopping, restaurants, and major highways, this property offers strong long-term rental appeal with stable, in-place tenancy.
Property Information
Status: Active
Sub Type: ********
List Price: $250,000
MLS#: 6825826
Current Price: $250,000
Address: 5482 Egan Drive, Savage, MN 55378
City: Savage
State: MN
Postal Code: 55378
Geo Lat: 44.747236
Geo Lon: -93.347281
Subdivision: Wildwood Estates 1st Add
County: Scott
Property Description
Year Built: 1984
Lot Size SqFt: 1306.8
Gen Tax: 2308
Specials Inst: 0
High School: Burnsville-Eagan-Savage
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 1814
Style: Array
Total Bedrooms: 3
Total Bathrooms: 2
Total Full Baths: 1
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
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