45 more
Presented By: Realty ONE Group Choice
**THIS EXCEPTIONAL INVESTMENT OPPORTUNITY IS BACK ON THE MARKET!** Due to the Buyers financing falling through at the last minute. ALL NEW ELECTRICAL PANELS INSTALLED IN EACH UNIT AND THE GARAGE! COME CHECK OUT THIS VERY AFFORDABLE OPPORTUNITY. This Triplex is a fantastic opportunity for investors seeking reliable, long-term rental income. Featuring three separate units, each with its own private entry, this property offers steady cash flow and excellent ROI potential. The area has shown consistent historical appreciation, and market trends suggest that demand for rental properties will continue to grow, driven by factors like [local job growth, new infrastructure, or increased demand for housing!] Units #1 & #3 have in-unit laundry, enhancing tenant convenience. Unit #2 offers 2 bedrooms, 1 bath, & an in-unit laundry. Each unit has its own separate exterior entrance, ensuring privacy and ease for tenants. The roof is less than 8 years old! The building is structurally sound, with some recent upgrades done in the last three months. Seller has made many improvements including New boilers, Fresh paint throughout, New carpet/flooring and so much more! 2-car detached garage included. Convenient location with easy access to highways, really close to the local park, shopping and many restaurants. Whether you're an experienced investor or a first-time buyer, this Triplex offers a turn-key opportunity to add a valuable asset to your portfolio. Quick closing desired. See supplements for full list of improvements. Make this be your final investment of the year!
Presented By: Realty ONE Group Choice
Above Grade Finished Area1550
BasementBlock, Finished, Partially Finished, Storage Space, Walkout
Basement (Y/N)Yes
Below Grade Finished Area1120
Foundation Dimensions33 x 50
FuelNatural Gas
Garage Dimensions24 X24
Garage Square Feet576
AccessibilityNone
Additional Parcels Y/NNo
CityFridley
Construction MaterialsStucco
ContingencyNone
CountyAnoka
DirectionsHWY 10 TO UNIVERSITY AVE NE, GO SOUTH ON UNIVERSITY AVE, THEN EAST ON 53RD AVE NE, NORTH ON 4TH ST NE, TRI-PLEX IS ON THE RIGHT HAND SIDE
ElectricFuses
Electric Expense1500
Fuel Expense2280
Garage Spaces2
Gross Income34130
HeatingBaseboard, Boiler, Zoned
High School DistrictFridley
Insurance Expense3638
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
MaintenanceExpense6680
New ConstructionNo
NumberOfUnitsTotal3
Operating Expense12183
OwnerPaysGrounds Care, Repairs, Sewer, Snow Removal, Trash Collection
PostalCityFridley
Property SubtypeTriplex
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHamiltons Add To Mechanics
Tax Annual Amount4707
Tax Year2023
Tenant PaysCable TV, Electricity, Gas
TopographyWalkout
Trash Expense538
Water Sewer Expense1488
Year Built1960
Zoning DescriptionResidential-Multi-Family
Building Area Total3100
FencingChain Link
Foundation Area1550
Lot Dimensions130 X 67
Lot Size Area0.2
Parking FeaturesAsphalt, Shared Driveway
Road Frontage TypePaved Streets
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
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