Commercial - Columbia Heights, MN

Welcome to 4929-35 University Avenue NE—a vibrant investment opportunity featuring two

buildings with 11 units in each building, offering a fantastic ~8% cap rate. Many units have

been refreshed with new flooring, appliances, and paint, enhancing their appeal and tenant

satisfaction.

Each building is unit with wall air conditioning units and a new boiler in the 4935 building,

ensuring comfort year-round. Tenants will appreciate the convenience of an on-site parking lot,

including parking space for each unit. The complex is secured with a modern security system,

providing peace of mind for both tenants and owners.

With market rents ranging from $950 to $1000 per unit, this multifamily property is a prime

candidate for investors seeking steady income in a thriving area. The units feature refrigerators,

ranges, and a dishwasher, combining functionality with comfort. Don't miss out on this

promising op...