For Sale: Fridley MLS# 7027544
Active
NEW!
$1,200,000
Commercial: 2 Stories
15 br • 8 ba • Built 1966
0.18 acres
MLS# 7027544
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Property Description
Exceptional Investment Opportunity: Premier two large 4-Plex Package Deal. Dive into a lucrative venture with this exclusive offer—two substantial 4-plex buildings, sold together to create a formidable asset in your real estate portfolio. Situated at 7673 East River Road and 106 77th Way, these properties stand out in the market for their expansive units and strategic location, offering a seamless blend of high returns and tenant appeal. Highlights of This Unique Investment: Spacious Living Areas: Generously sized units ensure high tenant demand and premium rental rates, enhancing your investment return. Convenient Amenities: Equipped with essential in-building laundry facilities and abundant parking, these properties offer the comforts and conveniences that drive rental desirability. Optimized Portfolio Expansion: Acquiring both buildings simultaneously allows for streamlined management and operational synergies, making this a smart move for savvy investors. Investor Advantages: Targeted Buyer Appeal: This opportunity is tailored for discerning investors ready to capitalize on a significant market position. Scheduled Viewings: Arrange a tour with a minimum of 24 hours’ notice to fully appreciate the value and potential of these properties, all while respecting our valued tenants’ comfort. Elevate your real estate investment strategy with this premium offering.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Fridley
Garage Spaces:
0
County:
Anoka
Year Built:
1966
State:
MN
Property Style:
2 Stories
Zip Code:
55432
Subdivision Name:
Aus Add
Interior
Bedrooms:
15
Bathrooms:
8
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,394 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Parking Lot
Lot & Land
Acres:
0.18
Geolocation:
45.107359, -93.27433
Inclusions:
Building
Lot Dimensions:
79 x 156 + 80 x 152
Addl Parcels:
103024120003
Zoning:
Residential-Multi-Family
Schools
School District:
793
District Phone:
7635025001
Expenses
Annual Electric Expense:
$962
Annual Fuel Expense:
$5,085
Annual Trash Expense:
$3,165
Annual Water/Sewer Expense:
$4,245
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,444
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,444
Income
Annual Gross Income:
$121,824
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Investors Realty MN.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.