5101 56th AVE N Active Save Request In-Person Tour Request Virtual Tour
Crystal,MN 55429
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,472 sqft
Price per Sqft $182
Subdivision Twin Oak Terrace
MLS Listing ID 6793457
Style (MF) Four Plex
Bedrooms 8
Year Built 1960
Annual Tax Amount $9,407
Property Description
Terrific opportunity to own a 4-plex in an area where they rarely hit the market. This solid, turn-key building offers 4 identical units – each of which is 2 bedrooms, 1 bath, and 742 SF. This gem is located on a 13K SF lot – [yes….a lot that is over 13,000 SF] – and literally just steps to Twin Oaks Park. Recent updates include a new roof in 2023 and numerous appliances in various units. All units have their own furnace and central A/C unit [no window A/C units here] Add'l revenue streams include coin operated laundry and 2 garage stalls. There is ample off street parking in addn to the garages. Located on a bus line – this property is located 4/10 of a mile from Twin Lakes, and 8/10 of a mile from the MAC Wildlife Area. One unit is intentionally vacant for a potential owner occupant. Easy access to Highways 100, 694, and 94. Cap Rate = 9.16.
Location
State MN
County Hennepin
Community Twin Oak Terrace
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Flooring 13068.0
Laundry Common Area,Laundry Room,Lower Level
Exterior
Parking Features Unassigned
Garage Spaces 2.0
Roof Type Age 8 Years or Less
Building
Lot Description Corner Lot
Foundation Concrete Block
Water City Water/Connected
Structure Type Block
Others
Acceptable Financing Cash,Conventional,VA
Listing Terms Cash,Conventional,VA
Virtual Tour https://tours.spacecrafting.com/n-c8p3w7