Transwestern is pleased to offer a multifamily redevelopment opportunity blocks from prestigious Lake Minnetonka. Located just south of Grays Bay and within walking distance of retailers and restaurants, the property is tucked into one of the most desirable areas in the Twin Cities. The property consists of three contiguous parcels measuring a combined 2.1 acres and is currently improved with a small office and two duplexes. The tenants are on short term leases which provides buyers with the unique ability to acquire a cash flowing property while undergoing entitlements and final planning. High household incomes, strong demand for rental housing, and a void of new apartments in the immediate area ensures a successful apartment project.