1107 57th Avenue N, Brooklyn Center, MN 55430

• 3,400 sqft

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.

Listing Status:

Active

Listing Office:

National Realty Guild : 651-330-8001

MLS ID:

6807486

Interior

• Basement: Other
• Heating: Forced Air

Exterior

• Parking: DetachedAsphaltGarage Door OpenerParking LotPaved

Construction

• Roofing: Age Over 8 YearsAsphalt
• General: Split Entry (Bi-Level)

Location

• Road/Access: City StreetCounty RoadSidewalks
• HOA Amenities: Coin-op Laundry LeasedLaundryPatioSecurity Lighting
• Originating MLS: northstar
• School District: Brooklyn Center
• County: Hennepin

Lot

• Topography: Level
• Zoning: 0111821320018
• Fencing: Chain LinkPartial

Utilities

• Utilities: Circuit Breakers100 Amp Service
• Water: City Water/ConnectedCity Water - In Street
• Sewer: City Sewer - In Street

Financial

• Source: northstar

This listing courtesy of National Realty Guild