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For Sale:  Brooklyn Center MLS# 6807486

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Active
$649,900
/mo Edit
Multi-family:  Four Plex
Built 1963
3,400 sqft • 0.32 acres
Brooklyn Center schools
MLS# 6807486
763-576-8286
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    Property Description

    24 hr notice to show. Well-maintained property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset. -Three units occupied w/market-rate tenants and a lease is pending on the fourth. Two units have been updated. -4 furnaces-CenterPoint Energy has quoted approx. $2, 500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income. -E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River — approx. a 15-minute walk. -Coin-op laundry on inactive third-party contract —new owner can take over machines and capture 100% of income. -Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management. **Listing agent holds an ownership interest in the property.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $649,900
    Price per sq ft: $191
    Property Type: Multi-family
    City: Brooklyn Center
    Garage Spaces: 4
    County: Hennepin
    Year Built: 1963
    State: MN
    Property Style: Four Plex
    Zip Code: 55430

    Interior

    Finished Area: 3,400 ft2
    Living Area: 3,400 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details: Other

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 4
    Foundation Size: 1,700 ft2
    Fencing: Chain Link, Partial
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Detached
    • Garage Door Opener
    • Parking Lot
    • Paved
    Shared Amenities:
    • Coin-op Laundry Leased
    • Laundry
    • Patio
    • Security Lighting
    Road Frontage:
    • City Street
    • County Road
    • Sidewalks
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.32
    Geolocation: 45.05819, -93.294738
    Lot Dimensions: 102 x 136
    Zoning: Residential-Multi-Family
    Lot Description:
    • Many Trees
    • Public Transit (w/in 6 blks)

    Farm

    Topography: Level

    Schools

    School District: 286
    District Phone: 763-561-2120

    Expenses

    Annual Caretaker Expense: $1,920
    Annual Electric Expense: $396
    Annual Fuel Expense: $2,160
    Annual Insurance Expense: $4,500
    Annual Maintenance Expense: $765
    Annual Gross Expense: $13,857
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,389
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $10,389

    Income

    Annual Gross Income: $69,440
    Misc. Annual Income: $50
    Misc. Monthly Income: $600

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer - In Street
    Water System:
    • City Water - In Street
    • 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!

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    Listing provided by RMLS, courtesy of National Realty Guild.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.