FOURPLEX on a Corner Lot, GREAT INVESTMENT

Highlights:

• Projected Cap Rate: 6.20% - Gross Rent Multiplier: 9.81
• PID #202922420168 – Ramsey Cty. / 2022 Proposed Property Tax Value $526,000
• All four units are similar. Each Unit has Two Bedrooms & One Bath / Approx. 800 SqFt. – Unit 3 is slightly bigger than the other three units.
• All four units have been remodeled & Upgraded with new kitchens & bathrooms, new tiles and new fixtures, new paint and flooring throughout since 2018 - Roof and Gutter were replaced in 2011

Description:

Fourplex on a Corner Lot, Good Cash Flow, GREAT BUILDING GREAT INVESTMENT with two Long Term Tenants!!! One unit is in both Residential & Commercial zones, WITH GREAT OPTIONS. All Four Units have 2 Bedrooms & 1 Full Bath, Spacious Living room with lots of daylight and adjacent to the kitchen & dining room. All four units have been remodeled with new tiles and new fixtures, new paint and flooring throughout since 2018 plus new water heater and new laundry washer & dryer in 2018. Laundry & Utility Rooms are in the lower level with doors and security code - Parking lot is in the back of the building, Plus available parking on streets - Convenient Location, Walking Distance to Phalen Park Arch Bridge, Park Golf Course, close to many parks & near bus line!!