Edina · Investment Property
Buying Investment Property in Edina
Buy rental and investment property in Minnesota with the numbers worked out before you make an offer.
Investing in Edina
Edina's prices ask an investor to be precise. I'm Lesley, a REALTOR® with Bridge Realty.
What do investors buy in Edina? Often condominiums near Centennial Lakes and Southdale, where the purchase price is lower than a house. Others buy an original home to update. Each has its own risks.
If you are considering a condominium
- Rental limits. Some buildings cap the number of units that may be rented.
- The budget and reserves. A weak reserve can lead to a special bill.
- Dues. In some buildings they include heat or other utilities, which changes your math.
- Financing. Lenders review the building as well as you.
If you are considering a house to update
Price the work before you offer, and compare the finished value with recent sales of updated homes in the same neighborhood. Ask the City of Edina what it requires to rent out a home, including any license, inspection, and fees, before you make an offer.
The numbers to run on any rental are on our investment property page. For more on the city, see our Edina page and buying a home in Edina. If you own a rental here and want to sell, see what it is worth.
We are not financial or tax advisors, so review your plan with your accountant. Then send us a message or call (651) 661-4770.
Frequently Asked Questions
Can I rent out a condo in Edina?
It depends on the building. Some cap rentals, so read the rules before you offer.
Is updating an Edina home a good investment?
Compare the purchase price plus the work with what updated homes nearby have sold for.
Homes For Sale In Edina
See every home on the market in Edina right now, updated from the MLS.
Edina
What investment property looks like in Edina
Edina is a first-ring suburb of Minneapolis with about 53,500 residents, known for the Country Club District, 50th and France, and Southdale Center.
Edina borders Minneapolis and has some of the oldest planned neighborhoods in the metro area, alongside newer homes and condominiums.
- The homes
- Named neighborhoods of different ages, from the early twentieth-century Country Club District to later areas, with original, renovated, and rebuilt homes. Many condominiums are near Centennial Lakes and Southdale.
- Getting around
- Highway 62 crosses the middle of the city, Highway 100 runs north and south, and Highway 169 and Interstate 494 border the west and south sides. Edina borders Minneapolis.
- Nearby
- 50th and France, Centennial Lakes, and 44 parks covering more than 1,550 acres.
Investment Property: keep exploring
Ready to make your move with Lesley The Realtor?