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Description

Solid 6-Unit Multifamily Investment – Fully Leased with Upside in Columbia Heights! Excellent opportunity for investors to acquire a well-maintained, fully occupied 6-unit apartment building in the high-demand Columbia Heights submarket, just minutes from Northeast Minneapolis and downtown. The property features a desirable unit mix of two 2-bedroom and four 1-bedroom units, generating $78,000 in annual gross income and a current net operating income of $30,499. The building has been professionally managed with recent updates, ensuring low maintenance and smooth day-to-day operations. All six units are currently leased, offering immediate cash flow. With current monthly rents averaging approximately $1.10/SF and market rents trending higher, there's clear potential to increase income over time through strategic unit upgrades and rent optimization. Additional highlights include 11 off-street parking spaces, a 10,280 SF lot, brick and stucco exterior, natural gas boiler, pitched asphalt roof, and city-connected water/sewer. Zoned Residential Multi-Family with strong rental demand and proximity to major highways, shopping, and transit, this property is ideal for both buy-and-hold investors and those seeking value-add upside through interior improvements or rent repositioning. Don't miss this opportunity to add a high-performing, low-vacancy asset to your portfolio in a growing rental corridor.



Property Information

Status: Active
Sub Type: ********
List Price: $655,000
MLS#: 6763864
Current Price: $655,000
Address: 4733 University Avenue NE, Minneapolis, MN 55421
City: Minneapolis
State: MN
Postal Code: 55421
Geo Lat: 45.054579
Geo Lon: -93.262492
Subdivision: Roslyn Park
County: Anoka

Property Description

Year Built: 1963
Lot Size SqFt: 10018.8
Gen Tax: 12918
Specials Inst: 0
High School: ********
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Total SqFt.: ********
Style: ********
Total Bedrooms: 6
Total Bathrooms: 6
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:

Property Features

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701.239.0015

1133-A Harwood Drive, Fargo, ND 58104

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