For Sale: Columbia Heights MLS# 6819049
Active
NEW!
$2,000,000
Commercial: Apartments
Built 1961
0.23 acres
Columbia Heights schools
MLS# 6819049
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Property Description
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 current 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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,000,000
Property Type:
Commercial
City:
Columbia Heights
Garage Spaces:
0
County:
Anoka
Year Built:
1961
State:
MN
Property Style:
Apartments
Zip Code:
55421
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
22
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,414 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Open
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Brick/Stone
- Stucco
Lot & Land
Acres:
0.23
Geolocation:
45.0576455339, -93.2624978181
Inclusions:
Building
Lot Dimensions:
80 x 130
Addl Parcels:
263024240115
Zoning:
Residential-Multi-Family
Schools
School District:
13
District Phone:
763-528-4500
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$31,002
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$31,002
Units
Total Units:
24
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Compass.
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.