$730,000
$769,900
5.2%For more information regarding the value of a property, please contact us for a free consultation.
228 40th AVE NE Columbia Heights, MN 55421
0.37 Acres Lot
Key Details
Sold Price $730,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Rear Bl E Col Heights Annex
MLS Listing ID 6739026
Sold Date 10/15/25
Year Built 1962
Annual Tax Amount $15,847
Tax Year 2025
Contingent None
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 80x198
Property Sub-Type Apartment
Property Description
Fully rented and updated 8-unit apartment building; 7 two-bedrooms and one studio! Recent updates include a newer boiler, windows, washer/dryer with credit card reader, and new flooring in many units. Enjoy a 7.5% CAP rate at current rents, and some units are renting below market rates.
Location
State MN
County Anoka
Zoning Business/Commercial
Interior
Heating Baseboard, Boiler
Fireplace No
Exterior
Parking Features Paved
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Asphalt
Present Use Residential
Building
Story Two
Foundation 3300
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone,Stucco
Schools
School District Columbia Heights
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
