For Sale: Columbia Heights MLS# 6822933
Active
NEW!
$875,000
Commercial: Apartments
Built 1961
0.24 acres
Columbia Heights schools
MLS# 6822933
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Property Description
Well-maintained 8-unit investment property in a high-demand Columbia Heights location. The building includes 7 one-bedroom units and 1 studio. Tenants pay their own electric. The property is conveniently located near major transit, shopping, and dining, and is just minutes from Northeast Minneapolis, making it a desirable area for long-term tenants. Off-street parking and on-site laundry add to tenant convenience.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$875,000
Property Type:
Commercial
City:
Columbia Heights
Garage Spaces:
0
County:
Anoka
Year Built:
1961
State:
MN
Property Style:
Apartments
Zip Code:
55421
Subdivision Name:
Sheffields 2nd Sub
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
8
Air Conditioning:
Wall Unit(s)
Foundation Size:
1 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Off Site
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.24
Geolocation:
45.051454, -93.246504
Inclusions:
Building
Lot Dimensions:
75 x 130
Zoning:
Residential-Multi-Family
Schools
School District:
13
District Phone:
763-528-4500
Expenses
Annual Gross Expense:
$44,302
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$13,610
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$13,610
Income
Annual Gross Income:
$92,651
Rent
Annual Net Income:
$49,082
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
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 National Realty Guild.
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.