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$ 2,000,000
Est. payment | /mo
9,801 Sqft Lot
$ 2,000,000
Est. payment | /mo
9,801 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6819049
Year Built 1961
Annual Tax Amount $31,002
Tax Year 2025
Contingent None
Lot Size 9,801 Sqft
Acres 0.225
Lot Dimensions 80x130
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 market 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.
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 market 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.
Location
State MN
County Anoka
Zoning Residential-Multi-Family
Interior
Heating Hot Water
Cooling Wall Unit(s)
Inclusions Building
Fireplace No
Exterior
Parking Features Open
Utilities Available Heating Common
Present Use Residential
Building
Story Two
Foundation 2414
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Columbia Heights
Listed by Jaclyn Gavzy • Compass
Paul Ekstrom
Broker | Owner | Team Leader | License ID: 40560749
+1(612) 749-8404 | paul@thepauleteam.com