Andover, MN 55304

$332,500
3,936
SqFt
Sold Price
$332,500
List Price
$325,000
Closing Date
Nov 30, 2017
MLS#
4888280
Status
SOLD
Type
Multifamily
Style
(MF) Apartments/Multifamily
Living Area
3,936
Acres
0.46
Year Built
1966

Property Description

Investor opportunity....rents well under market rate here and can be raised over $100/mo each unit immediately. Tenants on month to month leases with many long term residents. Caretaker gets reduced rent in on e unit. Baths recently redone, new boilers just installed. This is your income property!! Be sure to check out the other property next door at 2557 Bunker Lake.

Additional Information

School District
Anoka-Hennepin
Amenities Shared
Coin-op Laundry Owned, Common Garden
Tax Amount
$3,419
Tax Year
2017
Total Num Units
4
Total Annual Expenses
7500
Annual Rent
8340
Annual Gross Income
33780
Annual Fuel Expense
1419
Annual Gross Expense
7500
Annual Trash Expense
728
Annual Electric Expense
702
Annual Insurance Expense
2349
Annual Water Sewer Expen
990
Annual Maintenance Expen
1696
Construction Status
Previously Owned
Fuel
Natural Gas
Sewer
City Sewer/Connected
Roof
Asphalt Shingles, Pitched
Exterior
Stucco
Has Supplements
Yes
Heating
Boiler
Water
Well
Handicap Accessible
None
Basement
Finished (Livable)
Parking
Driveway - Asphalt, Driveway - Shared

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RE/MAX Advantage Plus. Selling Office: .

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