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$469,900

4 Beds 3 Baths 2,670 SQFT 0.20 Acres
Type: Multi-Family

5347 4th Street NE
Minneapolis, MN 55421

MLS#: 7054412
The Real Estate Advantage
Office: 952.224.8800
Presented by: LaBelle Real Estate Group Inc

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.

 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,550 sqft
BasementBlock, Finished, Partially Finished, Storage Space, Walkout
Basement (Y/N)Yes
Below Grade Finished Area1,120 sqft
Foundation Dimensions30x50
FuelNatural Gas
Garage Dimensions24x24
Garage Square Feet576
Laundry FeaturesLower Level, In Unit

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry
CityFridley
Construction MaterialsBlock, Post and Beam, Frame
ContingencyNone
CountyAnoka
DirectionsHWY 10 TO UNIVERSITY AVE NE, GO SOUTH ON UNIVERSITY AVE, THEN EAST ON 53RD AVE NE, NORTH ON 4TH ST NE, TRI-PLEX IS ON THE RIGHT HAND SIDE
Electric Expense2989
Fuel Expense2369
Garage Spaces2
Gross Income49800
HeatingBaseboard, Boiler, Zoned
High School DistrictFridley
Insurance Expense4185
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area2,670 sqft
Lot Size UnitsAcres
MaintenanceExpense1899
Net Operating Income29880
New ConstructionNo
Number Of Units Total3
Operating Expense17226
OwnerPaysGrounds Care, Repairs, Sewer, Snow Removal, Trash Collection, Water
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHamiltons Add To Mechanics
Tax Annual Amount$6,200
Tax Year2026
Tenant PaysCable TV, Electricity, Gas
Trash Expense582
Water Sewer Expense1002
Year Built1960

Exterior

Building Area Total2,670 sqft
FencingChain Link
Foundation Area1,550 sqft
Lot Dimensions130x67
Lot FeaturesTree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Asphalt, Shared Driveway, Shared Garage/Stall
Road Frontage TypeCity Street, Paved Streets, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$469,900

4 Beds 3 Baths 2,670 SQFT 0.20 Acres
Type: Multi-Family

5347 4th Street NE
Minneapolis, MN 55421

MLS#: 7054412
The Real Estate Advantage
Office: 952.224.8800

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