1733 37th Ave NE
$670,000
1733 37th Ave NE, Columbia Heights, MN 55421
3,840 sqft
Building Size
0.39 acres
Lot Area
Details:
Highlights:
- Parking Features: Detached Garage, Driveway - Concrete
- Lot Size Dimension: S50x140x55Lx165
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!
Tree Coverage - Light
Location
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