About 1107 57th Avenue N
24 hr notice to show. Well-maintained 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 inactive 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.
Features of 1107 57th Avenue N
| MLS® # | 6807486 |
|---|---|
| Price | $649,900 |
| Bathrooms | 0.00 |
| Square Footage | 3,400 |
| Acres | 0.32 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Quadruplex |
| Status | Active |
Community Information
| Address | 1107 57th Avenue N |
|---|---|
| City | Brooklyn Center |
| County | Hennepin |
| State | MN |
| Zip Code | 55430 |
Amenities
| Amenities | Coin-op Laundry Leased, Laundry, Patio, Security Lighting |
|---|---|
| # of Garages | 4 |
| Garages | Detached, Asphalt, Garage Door Opener, Parking Lot, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Public Transit (w/in 6 blks), Many Trees |
|---|---|
| Roof | Age Over 8 Years, Asphalt |
| Construction | Stucco |
School Information
| District | Brooklyn Center |
|---|
Additional Information
| Days on Market | 11 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $10,389 |
Listing Details
| Office | National Realty Guild |
|---|