Terrific opportunity to own a 4-plex in an area where they rarely hit the market. This solid, turn-key building offers 4 identical units – each of which is 2 bedrooms, 1 bath, and 742 SF. This gem is located on a 13K SF lot – [yes….a lot that is over 13,000 SF] – and literally just steps to Twin Oaks Park. Recent updates include a new roof in 2023 and numerous appliances in various units. All units have their own furnace and central A/C unit [no window A/C units here] Add’l revenue streams include coin operated laundry and 2 garage stalls. There is ample off street parking in addn to the garages. Located on a bus line – this property is located 4/10 of a mile from Twin Lakes, and 8/10 of a mile from the MAC Wildlife Area. One unit is intentionally vacant for a potential owner occupant. Easy access to Highways 100, 694, and 94. Cap Rate = 9.16.
Presented By: BRIX Real Estate
Interior Features for 5101 56th Avenue N
Other Interior Features
Above Grade Finished Area1736
BasementDaylight/Lookout Windows, Finished
Basement (Y/N)Yes
Below Grade Finished Area1736
FuelNatural Gas
Garage Dimensions24x24
Garage Square Feet576
General for 5101 56th Avenue N
AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned, Patio
Carport Spaces
CityCrystal
Construction MaterialsBrick/Stone, Stucco
ContingencyInspection
CountyHennepin
DirectionsCnty Rd 81 to Bass Lake Road, East to Regent Ave N. Property located at the intersection of Bass Lake Road and Regent Ave N
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