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1107 57th Avenue N, Brooklyn Center, MN 55430

$599,900
  • 1107 57th Avenue N, Brooklyn Center, MN 55430 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET3,400 MLS#7032582
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLBrooklyn Center

Property Description

8 hr notice to show. This property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset. -Three units occupied w/market-rate tenants and a lease is pending on the fourth. Two units have been updated. -4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income. -E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River ? approx. a 15-minute walk. -Coin-op laundry on third-party contract ?new owner can take over machines and capture 100% of income. -Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management. **Listing agent holds an ownership interest in the property.

1107 57th Avenue N | MLS# 7032582

This multi-family property located at 1107 57th Avenue N, Brooklyn Center, MN 55430 is currently listed for sale with an asking price of $599,900. 57th Avenue N is located within the Brooklyn Center school district. Search Brooklyn Center real estate on www.leblancrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Other
Garage: 4
Heating: Forced Air
Lot Size: 0.32 Acres
Roof Type: Age Over 8 Years, Asphalt
Taxes: $10,389
Year Built: 1963

Feature Descriptions

Exterior: Block, Frame
Foundation Size: 1700
Lot: Public Transit (w/in 6 blks), Tree Coverage - Medium
Lot Dimensions: 102x136
Owners Expense: Gas, Heat, Hot Water, HVAC Maintenance, Repairs, Management, Sewer, Snow Removal, See Remarks, Taxes, Trash Collection, Water
Parcel#: 0111821320018
Parking: Detached Garage, Asphalt, Garage Door Opener, Parking Lot, Paved Lot
Road Frontage: City Street, County Road, Sidewalks
Sewer: City Sewer - In Street
Tenant Expenses: Broadband, Cable TV, Electricity, Security
Units: 4
Water: City Water/Connected, City Water - In Street

Local Schools

School District: Brooklyn Center

Listed By / Shown By

Listed By

Agency Name: National Realty Guild
Agency Phone: 651-330-8001

Shown By

Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451

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Estimated Payment

$ 2,375.84 per month $1,335.12 Principal & Interest $865.75 Property Tax $174.97 Homeowner's Insurance

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