Listed by RE/MAX Results
$469,900
4162 Adair Avenue N
Details
APN 16-118-21-23-0012
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,604
Net Rentable (SqFt) 100
Units 2
Beds 6
Cap Rate 7.11%
NOI $33,393
Occupancy 100%
Tenancy Multi
Class B
Year Built 1959
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.190
Zoning Residential-Multi-Family
Parking Spaces 2 spaces
Parking Per SqFt 0.55
Investment Type Stabilized
Ownership Previously Owned
DUPLEX 100% rented.
Marketing description
This fully rented duplex in the heart of Robbinsdale offers an excellent investment opportunity. Each unit features a spacious family room on the main level, perfect for comfortable living. Both units were thoughtfully remodeled in 2024, showcasing oak cabinets and stainless steel appliances in modern kitchens. The home boasts a mix of cozy carpet and durable hardwood floors throughout. Outside, a fenced backyard with grassy space provides a safe area for play or relaxation, complemented by a two-car garage. Located near an array of shops and parks, this property sits within a vibrant community undergoing a transformation that attracts a younger crowd, making it an appealing place for renters seeking convenience and neighborhood charm.
Investment highlights
- Currently leased BOTH units 24 Hour Notice
- Tenant in 4162 pays $1850 plus all utilities
- Tenant in 4164 pays $1795 plus all utilities
- Taxes for this duplex is $7100. as of 2026
- Insurance is $2000.00
Listing Contacts
Listed by RE/MAX Results
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,393.00
$2,782.75/mo
Valuation Metrics
0
DSCR
7.11%
Cap Rate
7.11%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
