For Sale: Columbia Heights MLS# 6739026
Active
$799,900
Commercial: Apartments
Built 1962
0.37 acres
Columbia Heights schools
MLS# 6739026
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Property Description
Fully rented and updated 8-unit apartment building; 7 two-bedrooms and one studio! Recent updates include a newer boiler, windows, washer/dryer with credit card reader, and new flooring in many units. Enjoy a 7.5% CAP rate at current rents, and some units are renting below market rates.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$799,900
Property Type:
Commercial
City:
Columbia Heights
Garage Spaces:
0
County:
Anoka
Year Built:
1962
State:
MN
Property Style:
Apartments
Zip Code:
55421
Subdivision Name:
Rear Bl E Col Heights Annex
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
8
Foundation Size:
3,300 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
Parking Features:
Paved
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.37
Geolocation:
45.040575, -93.264383
Inclusions:
Building, Leases
Lot Dimensions:
80 x 198
Zoning:
Business/Commercial
Schools
School District:
13
District Phone:
763-528-4500
Expenses
Annual Electric Expense:
$380
Annual Fuel Expense:
$4,937
Annual Insurance Expense:
$6,358
Annual Maintenance Expense:
$3,500
Annual Trash Expense:
$2,869
Annual Water/Sewer Expense:
$5,079
Tenant Expenses:
Electricity, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$15,847
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$15,847
Income
Annual Gross Income:
$100,332
Rent
Annual Net Income:
$59,677
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Results.
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.