For more information regarding the value of a property, please contact us for a free consultation.
228 40th AVE NE Minneapolis, MN 55421
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $730,000
Property Type Condo, Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Rear Bl E Col Heights Annex
MLS Listing ID 6739026
Year Built 1962
Annual Tax Amount $15,847
Tax Year 2025
Lot Size 0.370 Acres
Property Sub-Type Apartment
Property Description
Fully rented and updated 8-unit apartment building; 7 two-bedrooms and one studio! Recent updates include a newer boiler, windows, washer/dryer with credit card reader, and new flooring in many units. Enjoy a 7.5% CAP rate at current rents, and some units are renting below market rates.
Location
State MN
County Anoka
Zoning Business/Commercial
Interior
Heating Baseboard, Boiler
Exterior
Parking Features Paved
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Asphalt
Building
Story Two
Foundation 3300
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Stucco
Schools
School District Columbia Heights
Read Less
GET MORE INFORMATION