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A potential cash cow! Annual Gross Income of over $83k, with opportunity to increase! 3 of the 4 units in this building have been renovated, with the 4th vacant and ready to upgrade! This property provides a history of great rents and the ability to increase value even more through the renovation of the 4th unit, which does need some TLC. Many of the building's major systems have been updated in the past 6 years including most of the water heaters, HVAC systems and appliances. At nearly a 1% rule, and on a road mixed with single family and multifamily, this property is a gem of Little Canada and your best option to own a 4plex outside of the big cities. Buy it as an owner occupant or as a full rental, either way its primed to be a great addition to any new owner!
Property Type(s):
Multi Family
| Tract | Hilltop Add | Year Built | 1983 |
|---|---|---|---|
| Garage Spaces | 6.0 | County | Ramsey |
Additional Details
| BASEMENT | Finished, Yes |
|---|---|
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.43 acre(s) |
| LOT DIMENSIONS | 0.430/18,731 |
| PARKING | Detached |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Hilltop Add |
| TAXES | 9490 |
| WATER | Public |
| ZONING | Residential-Multi-Family |
Listed with Wits Realty
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