For Sale: Fridley MLS# 6613560
Active
$750,000
Multi-family: Four Plex
Built 1966
4,788 sqft • 0.24 acres
Fridley schools
MLS# 6613560
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Property Description
Exceptional Investment Opportunity: Premier 4-Plex Package Deal
Dive into a lucrative venture with this exclusive offerâ??two substantial 4-plex buildings, each available for $750, 000, 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 hoursâ?? notice to fully appreciate the value and potential of these properties, all while respecting our valued tenantsâ?? comfort.
Elevate your real estate investment strategy with this premium offering.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$750,000
Price per sq ft:
$157
Property Type:
Multi-family
City:
Fridley
Garage Spaces:
0
County:
Anoka
Year Built:
1966
State:
MN
Property Style:
Four Plex
Zip Code:
55432
Subdivision Name:
Aus Add
Interior
Finished Area:
4,788 ft2
Living Area:
4,788 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
2,394 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Asphalt
Shared Amenities:
- Coin-op Laundry Owned
- Common Laundry
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Flat
Lot & Land
Acres:
0.24
Geolocation:
45.107633, -93.274063
Lot Dimensions:
79 x 156
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
14
District Phone:
763-502-5001
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,209
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$8,272
Income
Annual Gross Income:
$59,520
Misc. Monthly Income:
$50
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you 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.