577 7th Ave - Apartments FOR SALE


Newport, MN 55055
$479,900 USD
952-270-3377
577 7th Ave, Newport, MN for Sale
$479,900 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

577 7th Ave
Newport, MN 55055


OVERVIEW

Prime investment opportunity! This well-maintained fourplex features two, two-bedroom units and two, one-bedroom units, all currently occupied, making it a ready-to-go income-generating property. Each unit offers its own deck or patio, providing tenants with private outdoor space. The large lot includes two driveways and a three-car garage, offering ample parking and convenience. Additional income potential with coin-operated laundry on-site. Situated in a desirable location with easy access to highways, shopping, and amenities, this property is an excellent addition to any portfolio.

FOR SALE DETAILS

PRICE

$479,900 USD

PRICE/SF

$100 USD /SF

# OF UNITS

4

PRICE/UNIT

$119,975

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,678 SF

ZONING

-

APN/PARCEL ID

01-027-22-22-0071

ASK ABOUT THIS PROPERTY

Sabrina EownikSotheby’s International RealtyMore Info
952-270-3377

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Sabrina EownikSotheby’s International RealtyMore Info
952-270-3377

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