Sold: Fridley MLS# 6466474
Sold
$434,900 (list price)
$435,000
Commercial: Office
Built 1960
0.16 acres
Fridley schools
MLS# 6466474
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Property Description
Prime investment opportunity in Fridley, Minnesota! This versatile multi-use building, conveniently zoned R3 Multi-Use Dwelling, houses three commercial rental units. Embrace the potential to own, occupy, or invest with a lucrative 10% cap rate. Alternatively, make this your business hub while renting out surplus units to optimize returns. The upper level exudes professionalism with a welcoming lobby, five private offices, a modern galley kitchen, restroom, conference room and storage. Downstairs, two rental units brim with amenities. The building boasts 3 bathrooms, including one on garden level with a shower. Recent upgrades include a 2018 full remodel, HVAC replacements in the last four years, and a plethora of new windows in 2023. Notably, the rear parking lot was renovated in 2020. Positioned on the bustling County Road 6/Mississippi Street NE, this high traffic location ensures excellent visibility for your business success!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$434,900
Sold Price:
$435,000
Sold Date:
04/03/2024
Property Type:
Commercial
City:
Fridley
Garage Spaces:
0
County:
Anoka
Year Built:
1960
State:
MN
Property Style:
Office
Zip Code:
55432
Subdivision Name:
Rice Creek Plaza South Add
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
17
Air Conditioning:
Central Air
Foundation Size:
1,950 ft2
Foundation Dimensions:
66x34
Handicap Accessible:
Other
Heating System:
Forced Air
Parking Features:
Open
Road Frontage:
County Road
Exterior Material:
- Brick/Stone
- Metal Siding
- Wood Siding
Roof Details:
Rubber
Lot & Land
Acres:
0.16
Geolocation:
45.08638700, -93.26658800
Inclusions:
Building, Land, Leases
Lot Dimensions:
88 x 65
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
14
District Phone:
763-502-5001
Expenses
Annual Insurance Expense:
$2,153
Annual Maintenance Expense:
$740
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$6,524
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,524
Units
Total Units:
3
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Office
- Other
- Professional Service
- Professional/Office
- Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Ferndale Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.