For Sale: Fridley MLS# 7054412
Active
NEW!
$500,000
Multi-family: Triplex
4 br • 3 ba • Built 1960
2,670 sqft • 0.2 acres
MLS# 7054412
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Property Description
Turn-key triplex investment opportunity with strong, consistent rental income. Each unit offers a private exterior entrance for added tenant appeal. Unit #2 features 2 beds, 1 bath with in-unit laundry, while Units #1 & #3 1 bed, 1 bath and each unit includes their own washers and dryers in a shared laundry space. Well-maintained property with a roof under 10 years old and solid overall condition. Detached 2-car garage adds value, tenant parking and/or storage. Located in a high-demand rental area near highways, parks, shopping, and dining. Leases in place will transfer with sale. 24-hour notice required for showings. Quick closing available.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$500,000
Price per sq ft:
$187
Property Type:
Multi-family
City:
Fridley
Garage Spaces:
2
County:
Anoka
Year Built:
1960
State:
MN
Property Style:
Triplex
Zip Code:
55421
Subdivision Name:
Hamiltons Add To Mechanics
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,670 ft2
Living Area:
2,670 ft2
Refrigerators:
Three
Basement Details:
- Block
- Finished
- Partially Finished
- Storage Space
- Walkout
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
24x24
Garage Size:
576 ft2
Foundation Size:
1,550 ft2
Foundation Dimensions:
30x50
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
- Zoned
Parking Features:
- Asphalt
- Detached Garage
- Shared Driveway
- Shared Garage/Stall
Shared Amenities:
Laundry
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
- Block
- Frame
- Post and Beam
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- In Unit
- Lower Level
Lot & Land
Acres:
0.2
Geolocation:
45.065693, -93.261255
Lot Dimensions:
130 x 67
Lot Description:
Tree Coverage - Light
Schools
School District:
793
District Phone:
7635025001
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,989
Annual Fuel Expense:
$2,369
Annual Insurance Expense:
$4,185
Annual Maintenance Expense:
$1,899
Annual Trash Expense:
$582
Annual Water/Sewer Expense:
$1,002
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,200
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,200
Income
Annual Gross Income:
$49,800
Rent
Annual Net Income:
$29,880
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of LaBelle Real Estate Group Inc.
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.