5950 E River Rd NE - Apartments FOR SALE


Fridley, MN 55432
$1,200,000 USD
952-934-0468
5950 E River Rd NE, Fridley, MN for Sale
$1,200,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

5950 E River Rd NE
Fridley, MN 55432


HIGHLIGHTS

  • 1/2 block from fantastic park on Mississippi
  • residents pay own heat
  • spacious apartments

OVERVIEW

three 12 unit apartment buildings available on the same block. 36 units total. Each building is identical to the other. They are 1/2 one bedroom apartments and 1/2 two bedroom apartments. Seller will sell one, two or all three. asking price is $1.2M for each building or $3.6M for the package. These buildings are very well located. 1/2 block to "Island of Peace Park" a park that has an island on the mississippi. It is a few blocks north of I694, so easy for residents to get anywhere. The apartments are very large with their own furnace in each apartment. The residents love the space and the ability to control their heat perfectly. Owners should love it cause the residents pay their own heat and electric.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

36

PRICE/UNIT

$33,333

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heights Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,226 SF

ZONING

-

APN/PARCEL ID

22-30-24-12-0003

ASK ABOUT THIS PROPERTY

William CullenCullen HomesMore Info
952-934-0468

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William CullenCullen HomesMore Info
952-934-0468

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