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$595,000

2 Beds 1 Baths 3,328 SQFT 0.35 Acres
Type: Multi-Family

3811 Restwood Road
Circle Pines, MN 55014

MLS#: 7077994
Tara Yunker
Tara Yunker
The Real Estate Advantage
Agent
Phone: 612.810.7728
Office: 952.898.5800
Presented by: Counselor Realty

Property Description

 

Great building for owner occupant or good cash flow for an investor. For an owner occupant this huge low interest rate assumable FHA loan with just about 23 years left on it can save huge money per year vs todays interest rates and pays down the principle much faster with this fixed rate loan with 7 years or so already paid down on it. Nicely updated siding and windows. Inside the units have updated flooring, kitchens and paint. Each unit has 2 bedrooms and a bath. The units have separate hot water heaters in them. A common boiler keeps this entire building cozy during the winter. Lots of parking out front on an asphalt lot. Very convenient location just a mile east of 35W off Lake Drive. Easy walking distance to shopping. Just a few short blocks to Lexington City Park.


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3,328 sqft
BasementNone
Basement (Y/N)No
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Dimensions0
Garage Square Feet0
Laundry FeaturesLaundry Closet, Main Level

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
Carport Spaces0
CityCircle Pines
Construction MaterialsFrame
ContingencyNone
CountyAnoka
DirectionsHwy 35 W north to Lake Drive. Exit going East about 1 mile to Restwood. This is the corner Cowboy Jack's is on. Go east one block to 3811. First 4 plex on the left.
ElectricFuses
Electric Expense300
Fuel Expense1575
Garage Spaces0
Gross Income60480
HeatingBoiler
High School DistrictCentennial
Insurance Expense4200
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,328 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income43380
New ConstructionNo
Number Of Units Total4
Operating Expense17100
OwnerPaysExterior Maintenance, Gas, Heat, Insurance, Grounds Care, Repairs, Management, Pest Control, Roof Maintenance, Sewer, Snow Removal, Taxes, Trash Collection, Water
PostalCityCircle Pines
Property SubtypeFourplex
Property TypeResidential Income
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameOttes Add To Lexington
Tax Annual Amount$8,630
Tax Year2026
Tenant PaysCable TV, Electricity, Hot Water
Trash Expense1800
Water Sewer Expense1216
Year Built1984
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,328 sqft
Foundation Area1,664 sqft
Lot Dimensions75x200
Lot FeaturesTree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesAsphalt, Parking Lot, Paved Lot
Road Frontage TypeCity Street, Paved Streets, Street Lights
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

$595,000

2 Beds 1 Baths 3,328 SQFT 0.35 Acres
Type: Multi-Family

3811 Restwood Road
Circle Pines, MN 55014

MLS#: 7077994
Tara Yunker
Tara Yunker
The Real Estate Advantage
Agent
Phone: 612.810.7728
Office: 952.898.5800