For Sale: Columbia Heights MLS# 6725651
Active
$649,000
Multi-family: Duplex Up and Down
Built 1963
3,840 sqft • 0.39 acres
Columbia Heights schools
MLS# 6725651
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Fantastic investment opportunity in Columbia Heights! This spacious property was previously used as a triplex and is currently zoned R2 and will need to be converted back into a legal duplex to meet city requirements. Seller willing to escrow or you can buy as-is. Property can be used as a single family home if no rental license is wanted. Flexible layout options allow for 2 large units. Architectural plans propose a 5 bed/2 bath upper and 4 bed/2 bath lower unit. Seller is open to Contract for Deed financing at 5% interest, 30% down for 5 years. Property management is available at just 7% a month. Major updates include a new roof on house and garage (2017), two new boilers (2018), two new water heaters (2019) and updated bathrooms and kitchen on the lower level. Gross rents will be $6, 000 a month! Low maintenance, high potential! Perfect for a first time investor! Don’t miss this opportunity to add value and long-term cash flow to your portfolio!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,000
Price per sq ft:
$169
Property Type:
Multi-family
City:
Columbia Heights
Garage Spaces:
2
County:
Anoka
Year Built:
1963
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55421
Subdivision Name:
Aud Sub Waltons Sunny Ac 3rd
Interior
Finished Area:
3,840 ft2
Living Area:
3,840 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Owner Access
- Walkout
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
528 ft2
Foundation Size:
1,920 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Concrete
- Detached
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Hart
Waterfront View:
Panoramic
DNR Lake ID#:
02008100
WF Frontage:
100
Lake Chain Name:
N
Lake Acres:
7
Lake Depth:
0
Waterfront:
Lake Front
Lot & Land
Acres:
0.39
Geolocation:
45.036131, -93.233092
Lot Dimensions:
S50 x 140 x 55L x 165
Zoning:
Residential-Multi-Family
Lot Description:
Some Trees
Schools
School District:
13
District Phone:
763-528-4500
Expenses
Annual Caretaker Expense:
$5,040
Annual Electric Expense:
$2,700
Annual Fuel Expense:
$1,380
Annual Insurance Expense:
$1,800
Annual Maintenance Expense:
None
Annual Gross Expense:
$4,200
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$4,200
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,164
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,164
Income
Annual Gross Income:
$72,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of National Realty Guild.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.