Roseville, MN - 1647 County Rd B West - 11 UNITS - $1,390,000

This 11-unit, multi-family investment property is a prime value-add asset in the high demand Twin Cities suburb of Roseville, MN.  1647 Co Rd B West is a well-maintained property that consistently attracts long-term tenants due to its unparalleled accessibility and proximity to major retail hubs and both Minneapolis and Saint Paul.  The unit mix offers eleven 2-bedroom, 1-bathroom units.  The property is situated on a large corner lot with 9 detached garages and plenty of off-street parking.  Many major updates have been done over the last 6 years.  The water heaters, hot water boiler, and windows were replaced.  Slopped rubber membrane roofs installed in 2016/2021.  The electrical panels were updated, and all new common area carpeting was installed within the last year.  All  the heavy lifting has been done.  Owner will only sell on a contract  for deed which makes this a unique opportunity!!

SELLER FINANCING OPPORTUNITY!!

Minneapolis, MN - 3606 34th Street East - 6 UNITS - $750,000

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler.  The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Property Facts

  • Year Built: 1963

  • Square Footage: 5,500

  • Units: 6

  • Zoning: Multiple-family District

  • Parking: 6 Off-Street Parking Spots

  • Exterior: Brick & Stucco

  • Heating: Newer High Efficiency Boiler

Unit Description

  • 5 - 1 bedroom, 1 bath - Approx. 700+ Sqft.

  • 1 - Studio, 1 bath - Approx. 550+ Sqft

Property Improvements

  • 2024: New Commercial High-Efficiency Water Heater

  • 2024: New Weil McLain High-Efficiency Hot Water Boiler

  • 2024: Complete Electrical Rewire Throughout Every Apartment

  • 2024: Kitchen Renovations with Stainless Steel Appliances & Semi-Custom Cabinets

  • 2024: Solid Surface Quartz Countertops

  • 2024: All Six Bathrooms Gutted And Rebuilt Including New Insulation

Price: $750,000