Tom Engel - Managing Broker

Tom Engel - Managing Broker

(763) 416-2423



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1107 57th Avenue N, Brooklyn Center, MN 55430

$589,900
SQUARE FEET 3,400
MLS# 7032582
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Tom Engel - Managing Broker

Tom Engel - Managing Broker
Call: (763) 416-2423

STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SCHOOL: Brooklyn Center
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Property Description

8 hr notice to show. This property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset. -Three units occupied w/market-rate tenants. Some units have been updated. -4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income. -E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River ? approx. a 15-minute walk. -Coin-op laundry on third-party contract ?new owner can take over machines and capture 100% of income. -Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management. **Listing agent holds an ownership interest in the property.

1107 57th Avenue N | MLS# 7032582

This multi-family property located at 1107 57th Avenue N, Brooklyn Center, MN 55430 is currently listed for sale with an asking price of $589,900. 57th Avenue N is located within the Brooklyn Center school district. Search Brooklyn Center real estate on tengel.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Other
Garage: 4
Heating: Forced Air
Lot Size: 0.32 Acres
Roof Type: Age Over 8 Years, Asphalt
Taxes: $10,389
Year Built: 1963

Feature Descriptions

Days on Site: 48
Exterior: Block, Frame
Foundation Size: 1700
Lot: Public Transit (w/in 6 blks), Tree Coverage - Medium
Lot Dimensions: 102x136
Owners Expense: Gas, Heat, Hot Water, HVAC Maintenance, Repairs, Management, Sewer, Snow Removal, See Remarks, Taxes, Trash Collection, Water
Parcel#: 0111821320018
Parking: Detached Garage, Asphalt, Garage Door Opener, Parking Lot, Paved Lot
Road Frontage: City Street, County Road, Sidewalks
Sewer: City Sewer - In Street
Tenant Expenses: Broadband, Cable TV, Electricity, Security
Units: 4
Water: City Water/Connected, City Water - In Street

Local Schools

School District: Brooklyn Center

Listed By / Shown By

Listed By

Shown By

Agent Name: Tom Engel - Managing Broker
Agent Phone: (763) 416-2423
Agency Title: Counselor Realty

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$ 4,177.50 per month $3,139.70 Principal & Interest $865.75 Property Tax $172.05 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

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