5531 Maryland Ave N - Apartments FOR SALE


New Hope, MN 55428
$929,900 USD
651-238-3440
5531 Maryland Ave N, New Hope, MN for Sale
$929,900 USD
Apartments - FOR SALE
1/15
null | 5.82% Cap Rate

5531 Maryland Ave N
New Hope, MN 55428


HIGHLIGHTS

  • Fully Leased with Strong Lease History
  • Recent Renovations
  • Separate Metering

OVERVIEW

Fantastic opportunity to own a turn-key, fully rented four-plex conveniently located in New Hope. Renter pays gas, electric, water and sewer. All units have separate utilities and meters. Property has a common backyard. Each patio is shared by two units.

FOR SALE DETAILS

PRICE

$929,900 USD

PRICE/SF

$168 USD /SF

# OF UNITS

4

PRICE/UNIT

$232,475

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully-Leased New Hope Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

multi-family residential

APN/PARCEL ID

05-118-21-34-0076

ASK ABOUT THIS PROPERTY

Eric KatzKeller Williams Realty - North SuburbanMore Info
651-238-3440

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Eric KatzKeller Williams Realty - North SuburbanMore Info
651-238-3440

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