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752 Southview Dr 8 Unit Apartment Building $999,950 ($124,994/Unit) Anoka, MN 55303
Investment Highlights
- Fully rented. 8 Units: Six - 2 bdrm, Two - 3 bdrm. Two levels
- 7 garage stalls & on-street parking and on-site tenant storage lockers
- Leases: month to month. Tenants pay electric. BELOW MARKET RENTS
- Interior & exterior in good condition. Mechanicals updated with new boiler in 2022 & 8 electric meters + 1 house meter
- Built in 1963, roof ~10 years old. R-1 zoning
- Contact listing broker Mark Hulsey at mark@resultscommercial.com for rent roll & expenses and tour requests
Executive Summary
- Fully rented. 8 Units: Six - 2 bdrm, Two - 3 bdrm. Two levels
- 6,656 SF on 0.47 acres
- Longtime ownership & caretaker
- Interior & exterior in good condition. Mechanicals updated with new boiler in 2022 & 8 electric meters + 1 house meter
- 7 garage stalls & on-street parking and on-site tenant storage lockers
- Built in 1963, roof ~10 years old. R-1 zoning
- 2 washers & 2 dryers: Seller owned
- Leases: month to month. Tenants pay electric. BELOW MARKET RENTS
- Strong rental location with easy access to schools, parks, and restaurants
- Contact listing broker Mark Hulsey at mark@resultscommercial.com for rent roll & expenses and tour requests
- 24 HOUR NOTICE REQUIRED for tours. Do not disturb tenants.
- 6,656 SF on 0.47 acres
- Longtime ownership & caretaker
- Interior & exterior in good condition. Mechanicals updated with new boiler in 2022 & 8 electric meters + 1 house meter
- 7 garage stalls & on-street parking and on-site tenant storage lockers
- Built in 1963, roof ~10 years old. R-1 zoning
- 2 washers & 2 dryers: Seller owned
- Leases: month to month. Tenants pay electric. BELOW MARKET RENTS
- Strong rental location with easy access to schools, parks, and restaurants
- Contact listing broker Mark Hulsey at mark@resultscommercial.com for rent roll & expenses and tour requests
- 24 HOUR NOTICE REQUIRED for tours. Do not disturb tenants.
Property Facts
| Price | $999,950 | Building Class | C |
| Price Per Unit | $124,994 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 6,656 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-1 | ||
| Price | $999,950 |
| Price Per Unit | $124,994 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 6,656 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07-31-24-42-0017 | Improvements Assessment | $858,600 |
| Land Assessment | $154,200 | Total Assessment | $1,012,800 |
Property Taxes
Parcel Number
07-31-24-42-0017
Land Assessment
$154,200
Improvements Assessment
$858,600
Total Assessment
$1,012,800
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752 Southview Dr