$1,349,900

6413 Pleasant AvenueRichfield, MN 55423

Type: Commercial

1961 Year Built

Description

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!!

MLS ID: 6602808

Directions: Highway 62 to Lyndale Ave / go south to West 65th Street / go east past the railroad tracks and turn left or north on Pleasant Ave (One way street) to property!

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Property Details

Essential Details

MLS #: 6602808

Listing courtesy of: Apartment Cash Flow, Inc.

Price: $1,349,900

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Current Use: Residential

Total Units: 11

Annual Gross Income: $122,193

Net Operating Income: $83,218

Operating Expense: $38,974

Annual Gross Expense: $38,974

Annual Electric Expense: $782

Annual Fuel Expense: $4,206

Annual Insurance Expense: $4,618

Annual Annual Expense: $3,398

Annual Water/Sewer Expense: $2,633

Tenant Pays: Cable TV, Electricity

Owner Pays: Gas, Insurance, Trash Collection

Parking Features: Parking Lot

Other Parking Spaces: 11

Building Details

Owner Occupied: No

Construction Materials: Brick/Stone, Stucco

AccessibilityFeatures: None

Roof: Age Over 8 Years, Flat, Rubber

Heating: Boiler

Cooling: Wall Unit(s)

Style: Apartment

Year Built: 1961

Foundation Area: 3,800

Amenities - Unit: Ceiling Fan(s), Ethernet Wired

Amenities - Association: Security

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Number of Ranges: One Per Unit

Number of Refrigerators: One Per Unit

Utilities: Electric Separate, Heating Common, Hot Water Common

Lot Details

Complex/Dev/Sub Name: Rgt Nicollet Homes 2nd Add

Lot Dimensions: 102 x 120

Road Frontage: City Street

School Information

District: Richfield

District Number: 280

District Phone: 612-798-6010

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 27

Survey Township: 28

Taxes

Tax Year: 2024

Tax Amount: $16,335

Assessment Pending: No

Taxes w/Assessments: $16,335

This listing was last updated by Apartment Cash Flow, Inc. on 9/15/2024 at 2:59 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 12/22/2024 12:45 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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