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5940 E River RD Fridley, MN 55432
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Key Details
Sold Price $1,325,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision East River Estates
MLS Listing ID 6152544
Year Built 1961
Annual Tax Amount $16,370
Tax Year 2021
Lot Size 0.420 Acres
Property Sub-Type Apartment
Property Description
Please read...the building is master leased by a management company, monthly rent is $9,900. Two year current lease with 2 more 2 year options. Management fee is built into rent, only owner expenses are mortgage, taxes, insurance and cap X(roof, boiler/furnace, etc..). Cap rate is unmatched in this market. Management flips units and owner is not responsible for vacancies. Perfect for the investor that wants to be a more passive owner. 12 separate furnaces.
Location
State MN
County Anoka
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Parking Features Open
Utilities Available Electric Separate, Heating Separate, Hot Water Common
Roof Type Flat
Building
Story Two
Foundation 3423
Sewer City Sewer/Connected, City Sewer - In Street
Water City Water/Connected, City Water - In Street
Structure Type Brick/Stone,Stucco
Schools
School District Fridley
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