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34538467
34538479

23017 60th Ave, Saint Augusta, MN 56301 For Sale

JF
MN 20538434
Keller Williams Classic Realty
Listed by Keller Williams Classic Realty
$549,900
1 day on market
Updated 1 day ago

23017 60th Avenue St

Details
APN 81432290300
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,074
Units 4
Cap Rate 7.04%
NOI $38,700
Occupancy 75%
Tenancy Multi
Price per SqFt $179
Year Built 1960
Year Renovated 2024
Buildings 2
Stories 2
Acreage 1.470
Zoning Residential-Multi-Family
Parking Spaces 3 per unit

Multifamily | 4 Units | $137,475/unit

Marketing description

Exceptional investment opportunity with this fully renovated fourplex situated on approximately 1.5 acres in a desirable single-family neighborhood. As the only multifamily property in the area, this unique offering provides strong appeal for both investors and tenants. Currently operating as successful mid-term furnished rentals, each of the four units features 2 bedrooms, 1 updated bathroom, approximately 750–775 finished square feet, and can be sold fully furnished at no additional cost. Extensive capital improvements include a newer roof, fascia, soffit, and gutters (approximately 4 years old), nearly all windows replaced within the last 4 years, updated flooring, trim, paint, light fixtures, bathroom vanities, and remodeled bathrooms with new toilets throughout. Tenants enjoy fiber optic internet, premium Schlage Encode Plus keyless entry locks, shared laundry with two coin-operated washers and two coin-operated dryers, a fenced dog area, and reverse osmosis water filtration through Culligan. The property also offers five garage stalls, including one oversized 1.5-stall garage, providing excellent storage and parking flexibility or the option to rent out for additional income. Whether you continue operating furnished mid-term rentals, convert to traditional long-term leases, or explore other income-producing opportunities, this turnkey property is ready to generate immediate cash flow.


Investment highlights

  • Estimated Monthly Cost: $3,155

Listing Contacts

JF
MN 20538434
Keller Williams Classic Realty
Listed by Keller Williams Classic Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$38,700.00
$3,225.00/mo

Valuation Metrics

0
DSCR
7.04%
Cap Rate
7.04%
ROI

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Additional Information

Name
Joel Friday
License
20538434
Brokerage
Keller Williams Classic Realty
Brokerage Phone
763-746-4900
Title
Realtor
Brokerage Address
1740 116th Avenue Northwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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