4927 & 4935 University Avenue NE, Columbia Heights, MN 55421
sale
$2,000,000
|
Other
Courtesy Of Compass Minnesota, LLC
Welcome to 4929-35 University Avenue NE a vibrant investment opportunity featuring two
buildings with 11 units in each building, offering a fantastic ~8% cap rate. Many units have
been refreshed with new flooring, appliances, and paint, enhancing their appeal and tenant
satisfaction.
Each building is unit with wall air conditioning units and a new boiler in the 4935 building,
ensuring comfort year-round. Tenants will appreciate the convenience of an on-site parking lot,
including parking space for each unit. The complex is secured with a modern security system,
providing peace of mind for both tenants and owners.
With market rents ranging from $950 to $1000 per unit, this multifamily property is a prime
candidate for investors seeking steady income in a thriving area. The units feature refrigerators,
ranges, and a dishwasher, combining functionality with comfort. Don't miss out on this
promising opportunity in a dynamic neighborhood, offering excellent potential for growth and
stable returns.
buildings with 11 units in each building, offering a fantastic ~8% cap rate. Many units have
been refreshed with new flooring, appliances, and paint, enhancing their appeal and tenant
satisfaction.
Each building is unit with wall air conditioning units and a new boiler in the 4935 building,
ensuring comfort year-round. Tenants will appreciate the convenience of an on-site parking lot,
including parking space for each unit. The complex is secured with a modern security system,
providing peace of mind for both tenants and owners.
With market rents ranging from $950 to $1000 per unit, this multifamily property is a prime
candidate for investors seeking steady income in a thriving area. The units feature refrigerators,
ranges, and a dishwasher, combining functionality with comfort. Don't miss out on this
promising opportunity in a dynamic neighborhood, offering excellent potential for growth and
stable returns.
Read More About This Property
Read Less About This Property
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Wall Unit(s)
- Heating System: Hot Water (Heating)
- Legal Description: ROSLYN PARK CITY OF COLUMBIA HEIGHTS LOTS 18 & 19, BLK 13, ROSLYN PARK
- MLSID: 6819049
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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