6413 Pleasant Ave - Apartments FOR SALE


Richfield, MN 55423
$1,339,000 USD
651-263-3653
6413 Pleasant Ave, Richfield, MN for Sale
$1,339,000 USD
Apartments - FOR SALE
1/30
null | 6.21% Cap Rate

6413 Pleasant Ave
Richfield, MN 55423


HIGHLIGHTS

  • ALL BRICK EXTERIOR IN GREAT SHAPE
  • NEWER WINDOWS, ENTRY DOORS, FACIA & GUTTERS, AND FLAT ROOF
  • TWN OF THE ELEVEN APARTMENTS RENOVATED

OVERVIEW

PLEASANT AVENUE APARTMENTS IS A VERY CLEAN AND WELL MAINTAINED 11-UNIT LOCATED IN THE HEART OF RICHFIELD, MINNESOTA. THE OWNERSHIP GROUP HAS COMPLETED 10 OF THE 11 UNITS WITH HIGH END KITCHEN REMODELS INCLUDING NEWER CABINETS, COUNTER TOPS, AND ENERGY EFFICIENT STAINLESS STEEL APPLIANCE PACKAGES WITH DISHWASHERS. TWO OF THE APARTMENTS HAVE BUILT-IN MICROWAVES. EXTERIOR UPDATES INCLUDE NEWER WINDOWS, FACIA AND GUTTERS, A NEWER ROOF REPLACED IN 2104, AND SECURED FRONT AND BACK ENTRY DOORS WITH SIDELITES. THE HOT WATER BOILER WAS REPLACED WITH A HIGH EFFICIENCY BOILER IN THE SPRING OF 2024. MANAGED PROFESSIONALLY BY THE OWNER, NO DELINQUENCIES, AND IN TURN-KEY CONDITION!!

FOR SALE DETAILS

PRICE

$1,339,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

11

PRICE/UNIT

$121,727

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6413 Pleasant Ave So

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

Multi-Family

APN/PARCEL ID

27-028-24-24-0017

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

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Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.