5900 NE 2 1/2 Street
Fridley, MN 55432

Commercial
  • 0.27acres
$479,000
Est. P&I payment: $1829.46/mo
5900 NE 2 1/2 Street, Fridley, MN 55432
  • 5900 NE 2 1/2 Street, Fridley, MN 55432 Photo 1
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  • 5900 NE 2 1/2 Street, Fridley, MN 55432 Photo 8
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Description for 5900 NE 2 1/2 Street, Fridley, MN 55432
Seven 1 bedroom units, off street parking, nice, well maintained building, vinyl windows throughout. New roof and new boiler. Fully occupied and rents could be much higher. Corner lot with partial privacy fence for outdoor grilling. On site coin operated laundry, secure building. Well managed and has had no vacancies for years. Walking distance to bus lines, Northstar Commuter Rail, and shopping. Easy access near 694/94
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My Notes for MLS #4938599

General Features

  • Acres: 0.27
  • Current Use: Residential
  • Foreclosure Status: No
  • Year Built: 1960
  • Sale Includes: Building,​Land,​Leases
  • Total Number of Units: 7
  • Status: Active

Exterior Features

  • Exterior: Stucco,​Brick/Stone
  • Parking Characteristics: Driveway - Asphalt,​Driveway - Shared
  • Road Frontage: City,​Paved Streets,​Curbs
  • Lot Description: Corner Lot,​Tree Coverage - Medium,​City Bus (w/in 6 blks)
  • Lot Dimensions: 90x130
  • Other Parking Spaces: 7

Interior Features

  • Building Finished Square: 4,207
  • Handicap Accessible: None
  • Basement: Full,​Day/Lookout Windows,​Concrete Block
  • Roof: Asphalt Shingles,​Pitched,​Age 8 Years or Less
  • Number of 1 Bedroom Unit: 7
  • Number of Units 4: 7

Utilities Features

  • Appliances: Range,​Refrigerator
  • Air Conditioning: Wall
  • Heating: Hot Water
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Number of Ranges: One Per Unit
  • Number of Refrigerators: One Per Unit
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Caretaker Expense: 600
  • Annual Electric Expense: 793
  • Annual Fuel Expense: 2,099
  • Annual Insurance Expense: 5,128
  • Annual Maintenance Expense: 5,308
  • Annual Gross Expense: 25,211
  • Total Annual Expenses: 25,211
  • Annual Trash Expense: 1,481
  • Annual Water/Sewer Expense: 2,578
  • Tenant Expenses: Electric,​Cable T.V.
  • Annual Rent 4: 57,180
  • Annual Net Income: 31,969
  • Tax Amount: 7,115
  • Tax With Assessments: 7,224
  • Tax Year: 2018
  • Annual Gross Income: 57,180

Community Features

  • County: Anoka
  • Municipality: Fridley
  • Postal City: Fridley (MN)

School Features

  • School District: 14 - Fridley
  • School District Phone: 763-502-5001

Misc Features

  • Amenities - Unit: Security System
  • Foundation Size: 2,118
  • Zoning: Residential-Multi-Family
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 5900 NE 2 1/2 Street, Fridley, MN 55432
University Ave to 61st St, West to 2 1/2 St, S to property on the corner right hand side.
The listing information for 5900 NE 2 1/2 Street, Fridley, MN 55432 was graciously provided by our friends at the listing brokerage, Realty Group, Inc.

Get Financing for 5900 NE 2 1/2 Street, Fridley, MN 55432

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $1829.46
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Last Updated 04/21/2018 at 1:03pm
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