For Sale: Brooklyn Park MLS# 7004413
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Property Description
Investment opportunity in Brooklyn Park featuring a 16-unit apartment building with a solid unit mix and
value-add potential. The property includes 10 one-bedroom units and 6 two-bedroom units, along with 10
garage stalls rented separately for added income. 13 of the 16 units feature private decks or patios,
offering attractive outdoor space for tenants. Floor plans range from 737 sq ft (1-bed/1-bath) to 1, 034
sq ft (2-bed/1-bath). While the property is not fully leased and would benefit from updates and repairs,
it presents a great opportunity for investors looking to improve operations and increase rental income.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,600,000
Property Type:
Commercial
City:
Brooklyn Park
Garage Spaces:
10
County:
Hennepin
Year Built:
1969
State:
MN
Property Style:
2 Stories
Zip Code:
55429
Subdivision Name:
R21
Exterior
Stories:
Two
Garage Spaces:
10
Garage Dimensions:
50X44
Garage Size:
2,200 ft2
Air Conditioning:
Wall Unit(s)
Foundation Size:
8,016 ft2
Handicap Accessible:
No Stairs External, No Stairs Internal
Heating System:
Hot Water
Parking Features:
Detached Garage
Lot & Land
Acres:
0.59
Geolocation:
45.069902, -93.360656
Inclusions:
Building, Leases
Lot Dimensions:
366X70
Zoning:
Residential-Multi-Family
Schools
School District:
1271
District Phone:
7635048000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$32,265
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$46,212
Income
Annual Gross Income:
$242,060
Rent
Annual Net Income:
$176,551
Units
Total Units:
16
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
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 Bridge Realty, 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.