USAMNColumbia HeightsRoslyn Park4733 University Ave Ne
4733 University Avenue Northeast - Spacecrafting - 0002.jpg | Image 1
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$655,000

4733 University Ave Ne, Columbia Heights, MN

Condo

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $12,918
Days Active 1
Approx. Age 1963
MLS® Number 6763864

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Solid 6-Unit Multifamily Investment – Fully Leased with Upside in Columbia Heights! Excellent opportunity for investors to acquire a well-maintained, fully occupied 6-unit apartment building in the high-demand Columbia Heights submarket, just minutes from Northeast Minneapolis and downtown. The property features a desirable unit mix of two 2-bedroom and four 1-bedroom units, generating $78, 000 in annual gross income and a current net operating income of $30, 499. The building has been professionally managed with recent updates, ensuring low maintenance and smooth day-to-day operations. All six units are currently leased, offering immediate cash flow. With current monthly rents averaging approximately $1.10/SF and market rents trending higher, there's clear potential to increase income over time through strategic unit upgrades and rent optimization. Additional highlights include 11 off-street parking spaces, a 10, 280 SF lot, brick and stucco exterior, natural gas boiler, pitched asphalt roof, and city-connected water/sewer. Zoned Residential Multi-Family with strong rental demand and proximity to major highways, shopping, and transit, this property is ideal for both buy-and-hold investors and those seeking value-add upside through interior improvements or rent repositioning. Don't miss this opportunity to add a high-performing, low-vacancy asset to your portfolio in a growing rental corridor.Show Description
MLS® Number6763864
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1963
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBoiler
A/C
Heating Fuel

Extras

Building

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