For Sale: Columbia Heights MLS# 7104548
Active
$615,000
Commercial: Other
Built 1961
0.256 acres
Columbia Heights schools
MLS# 7104548
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Property Description
Proactively maintained five-unit building on the western side of Columbia Heights’ Huset Park neighborhood. Easy access to NE Minneapolis amenities & I-694 via University Ave. The property is only blocks from Huset Park & numerous local neighborhood businesses on 40th Ave NE. The unit mix is one large 3BR plus four 2BR units, currently 100% occupied. Detail-oriented owners have kept this a solid & stable building. Major mechanicals already updated include: boiler (2022), water heater (2021) & electrical. Six off-street parking spaces. A new owner or manager can step into place & focus on cash flow instead of planning major repairs, on a building that has been cared for the right way by hands-on ownership. Great fit for an investor who wants a stable, fully occupied property that has actually been well maintained.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$615,000
Property Type:
Commercial
City:
Columbia Heights
Garage Spaces:
0
County:
Anoka
Year Built:
1961
State:
MN
Property Style:
Other
Zip Code:
55421
Subdivision Name:
Rear Bl C Col Heights Annex
Exterior
Garage Spaces:
0
Foundation Size:
1,632 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.256
Geolocation:
45.045084, -93.261924
Inclusions:
Building, Land
Lot Dimensions:
7 x 150
Zoning:
Residential-Multi-Family
Schools
School District:
13
District Phone:
7635284500
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,413
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$10,413
Income
Annual Gross Income:
$75,671
Rent
Annual Net Income:
$46,962
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
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 MRG Realty Partners, LLC.
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.