5101 56th AVE N, Crystal, MN 55429 - MLS#6793457

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$635,000

Est. payment - /mo

8 Beds

4 Baths

3,472 SqFt

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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

Acres 0.3

Lot Dimensions 176x74

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

Direction Cnty Rd 81 to Bass Lake Road, East to Regent Ave N. Property located at the intersection of Bass Lake Road and Regent Ave N

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

Accessibility None

Porch Patio

Total Parking Spaces 2

Building

Lot Description Corner Lot

Foundation Concrete Block

Water City Water/Connected

Architectural Style (MF) Four Plex

Structure Type Block

Others

Senior Community No

Tax ID 0411821430066

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

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Listed by BRIX Real Estate

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