4220 4th St NE - Apartments FOR SALE


Columbia Heights, MN 55421
$615,000 USD
651-900-4386
4220 4th St NE, Columbia Heights, MN for Sale
$615,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

4220 4th St NE
Columbia Heights, MN 55421


OVERVIEW

Proactively maintained five-unit building on the western side of Columbia Heights’ Huset Park neighborhood. Easy access to NE Minneapolis amenities & I-694 via University Ave. The property is only blocks from Huset Park & numerous local neighborhood businesses on 40th Ave NE. The unit mix is one large 3BR plus four 2BR units, currently 100% occupied. Detail-oriented owners have kept this a solid & stable building. Major mechanicals already updated include: boiler (2022), water heater (2021) & electrical. Six off-street parking spaces. A new owner or manager can step into place & focus on cash flow instead of planning major repairs, on a building that has been cared for the right way by hands-on ownership. Great fit for an investor who wants a stable, fully occupied property that has actually been well maintained. Contact David Dirkers at 651-998-9380 or david@mrgrealtypartners.com for additional information & expanded financials.

FOR SALE DETAILS

PRICE

$615,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

5

PRICE/UNIT

$123,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,062 SF

ZONING

-

APN/PARCEL ID

35-30-24-24-0172

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.