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$ 655,000
Est. payment | /mo
10,454 Sqft Lot
$ 655,000
Est. payment | /mo
10,454 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Roslyn Park
MLS Listing ID 6763864
Year Built 1963
Annual Tax Amount $12,918
Tax Year 2025
Contingent None
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 80x130
Property Sub-Type Apartment
Property Description
Solid 6-Unit Multifamily Investment – Fully Leased with Upside in Columbia Heights!
Excellent opportunity for investors to acquire a well-maintained, fully occupied 6-unit apartment building in the high-demand Columbia Heights submarket, just minutes from Northeast Minneapolis and downtown. The property features a desirable unit mix of two 2-bedroom and four 1-bedroom units, generating $78,000 in annual gross income and a current net operating income of $30,499.
The building has been professionally managed with recent updates, ensuring low maintenance and smooth day-to-day operations. All six units are currently leased, offering immediate cash flow. With current monthly rents averaging approximately $1.10/SF and market rents trending higher, there's clear potential to increase income over time through strategic unit upgrades and rent optimization.
Additional highlights include 11 off-street parking spaces, a 10,280 SF lot, brick and stucco exterior, natural gas boiler, pitched asphalt roof, and city-connected water/sewer. Zoned Residential Multi-Family with strong rental demand and proximity to major highways, shopping, and transit, this property is ideal for both buy-and-hold investors and those seeking value-add upside through interior improvements or rent repositioning.
Don't miss this opportunity to add a high-performing, low-vacancy asset to your portfolio in a growing rental corridor.
Excellent opportunity for investors to acquire a well-maintained, fully occupied 6-unit apartment building in the high-demand Columbia Heights submarket, just minutes from Northeast Minneapolis and downtown. The property features a desirable unit mix of two 2-bedroom and four 1-bedroom units, generating $78,000 in annual gross income and a current net operating income of $30,499.
The building has been professionally managed with recent updates, ensuring low maintenance and smooth day-to-day operations. All six units are currently leased, offering immediate cash flow. With current monthly rents averaging approximately $1.10/SF and market rents trending higher, there's clear potential to increase income over time through strategic unit upgrades and rent optimization.
Additional highlights include 11 off-street parking spaces, a 10,280 SF lot, brick and stucco exterior, natural gas boiler, pitched asphalt roof, and city-connected water/sewer. Zoned Residential Multi-Family with strong rental demand and proximity to major highways, shopping, and transit, this property is ideal for both buy-and-hold investors and those seeking value-add upside through interior improvements or rent repositioning.
Don't miss this opportunity to add a high-performing, low-vacancy asset to your portfolio in a growing rental corridor.
Location
State MN
County Anoka
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building
Fireplace No
Exterior
Parking Features Paved
Utilities Available Electric Separate, Heating Common
Present Use Residential
Building
Story Two
Foundation 224450
Sewer City Sewer/Connected
Water City Water - In Street
Level or Stories Two
Structure Type Stucco
Schools
School District Columbia Heights
Others
Virtual Tour https://tours.spacecrafting.com/n-qqfy8k
Listed by Jason Peteler • Keller Williams Realty Integrity Lakes
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Margaret Thorpe Richards & Alexander Richards
REALTOR® | Lic# 20583703