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Active NEW!
$1,200,000
/mo Edit
Commercial:  Other
Built 1961
0.418 acres
Fridley schools
MLS# 7081118
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    Property Description

    Great 12 unit building in Fridley. six 1 bedroom apartments and six 2 bedroom apartments. Very large apartments. Each apartment has its own furnace and tenant pays their own heat. Fully occupied. Solid building. 1/2 block to Mississippi river.

    Listing

    Contingency: None
    City: Fridley
    County: Anoka
    State: MN
    Property Style: Other
    Zip Code: 55432
    Subdivision Name: East River Estates

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Air Conditioning: Wall Unit(s)
    Foundation Size: 3,500 ft2
    Foundation Dimensions: 40x80
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Parking Lot

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.418
    Geolocation: 45.075977, -93.273657
    Inclusions: Building, Leases, Rental License
    Lot Dimensions: 128 x 143
    Zoning: Residential-Multi-Family

    Schools

    School District: 14
    District Phone: 7635025001

    Expenses

    Tenant Expenses: Cable TV, Electricity, Heat

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $20,409
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $20,409

    Income

    Annual Gross Income: $156,482

    Rent

    Annual Net Income: $98,056

    Units

    Total Units: 12

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

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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!

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    Listing provided by RMLS, courtesy of Peritus Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.