Solid 6-Unit Multifamily Investment – Fully Leased with Upside in Columbia Heights!
Excellent opportunity for investors to acquire a well-maintained, fully occupied 6-unit apartment building in the high-demand Columbia Heights submarket, just minutes from Northeast Minneapolis and downtown. The property features a desirable unit mix of two 2-bedroom and four 1-bedroom units, generating $78,000 in annual gross income and a current net operating income of $30,499.
The building has been professionally managed with recent updates, ensuring low maintenance and smooth day-to-day operations. All six units are currently leased, offering immediate cash flow. With current monthly rents averaging approximately $1.10/SF and market rents trending higher, there's clear potential to increase income over time through strategic unit upgrades and rent optimization.
Additional highlights include 11 off-street parking spaces, a 10,280 SF lot, brick and stucco exterior, natural gas boiler, pitched asphalt roof, and city-connected water/sewer. Zoned Residential Multi-Family with strong rental demand and proximity to major highways, shopping, and transit, this property is ideal for both buy-and-hold investors and those seeking value-add upside through interior improvements or rent repositioning.
Don't miss this opportunity to add a high-performing, low-vacancy asset to your portfolio in a growing rental corridor.
Listing courtesy of Jason Peteler, Keller Williams Realty Integrity Lakes
