For Sale: Anoka MLS# 6771692
Active
NEW!
$650,000
Multi-family: Four Plex
Built 1980
3,868 sqft • 0.26 acres
Anoka-Hennepin schools
MLS# 6771692
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Property Description
This 4-unit multifamily property at 2750 Euclid Ave (3 two-bedroom units and 1 one-bedroom unit)
represents a compelling value-add opportunity priced at $650, 000 with a projected 44% NOI increase to
$49, 463 making it nearly an 8% CAP investment through RUBS implementation and rent optimization.
The top two floors featuring two-bedroom units have been stunningly redone, while the property is located
in Anoka's stable rental market with the city's $150 million capital improvement program (2024-2028) and
active new development nearby. This turnkey asset combines established cash flow stability with strategic
value-add execution potential in a proven and improving market
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Price per sq ft:
$168
Property Type:
Multi-family
City:
Anoka
Garage Spaces:
4
County:
Anoka
Year Built:
1980
State:
MN
Property Style:
Four Plex
Zip Code:
55303
Subdivision Name:
Highland Park Add To Anoka
Interior
Finished Area:
3,868 ft2
Living Area:
3,868 ft2
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
960 ft2
Foundation Size:
1,934 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached
Exterior Material:
Wood Siding
Lot & Land
Acres:
0.26
Geolocation:
45.208947, -93.405697
Lot Dimensions:
130 x 42 x 130 x 42
Addl Parcels:
013125220069
Zoning:
Residential-Multi-Family
Schools
School District:
11
District Phone:
763-506-1000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$6,581
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$2,239
Annual Gross Expense:
$25,501
Annual Trash Expense:
$3,068
Annual Water/Sewer Expense:
$3,861
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,251
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,313
Income
Annual Gross Income:
$63,487
Misc. Monthly Income:
$3,067
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
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 Real Broker, 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.