5482 Egan Drive

Savage, MN 55378

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.

Listing courtesy of ERA Prospera Real Estate



Listing information is provided by Participants of the Northstar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northstar MLS.
Last checked: 2025-12-17 10:55 PM UTC