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.
Presented By: National Realty Guild
Interior Features for 1107 57th Avenue N
Other Interior Features
Above Grade Finished Area1700
BasementOther
Basement (Y/N)No
Below Grade Finished Area1700
FuelNatural Gas
Garage Square Feet
General for 1107 57th Avenue N
AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Leased, Laundry, Patio, Security Lighting
CityBrooklyn Center
Construction MaterialsStucco
ContingencyNone
CountyHennepin
DirectionsHwy 100 to Bass Lake Road, East to building
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