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6413 Pleasant Avenue Richfield, MN $ 1,375,000
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6413 Pleasant Avenue
$ 1,375,000
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6413 Pleasant Avenue

Richfield, MN, 55423
$ 1,375,000
Baths0.0 Sq 11,400

Monthly Estimate*

$ 9,605

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Studio

Commercial Property for sale in Richfield, MN

for $1,375,000. This 11,400 square foot building was built in 1961 on a lot size of 0.28.

PLEASANT AVENUE APARTMENTS IS A VERY CLEAN AND WELL MAINTAINED 11-UNIT LOCATED IN THE HEART OF RICHFIELD, MN. THE OWNER HAS COMPLETED 10 OF THE 11 UNITS WITH HIGH END KITCHEN REMODELS WITH NEWER CABINETS, COUNTER TOPS, AND ENERGY EFFICIENT STAINLESS STEEL APPLIANCE PACKAGES INCLUDING DISHWASHERS. TWO OF THE APARTMENTS HAVE BUILT-IN MICROWAVES. EXTERIOR FEATURES NEWER WINDOWS AND ROOF. THE HOT WATER BOILER RECENTLY WAS REPLACED WITH A HIGH EFFICIENCY BOILER!! PROFESSIONALLY MANAGED, NO DELINQUENCIES, AND 100% FULL!!

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Commercial Active

Price

$ 1,375,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,336

Style

Apartment

Lot Size

0.28

Year Built

1961

Town/City

Richfield

County/Region

Hennepin

MLS | Web ID

6525001
Features
General
Sewer City Sewer/Connected
Heating Boiler Hot Water
Cooling Wall Unit(s)
Utilities Electric Separate Heating Common Hot Water Common
Roof Age Over 8 Years Flat Rubber
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1961
Tenant Pays Cable TV Electricity
Topography Level
Levels Three Or More
Property SubType Apartment
Tax Year 2024
Current Use Residential
Gross Income 122193
Accessibility None
County Hennepin
Net Operating Income 83218
Operating Expense 38974
Insurance Expense 4618
Property Type Commercial Sale
Contingency None
Subdivision Name Rgt Nicollet Homes 2nd Add
Directions Hwy. 62 / exit on Lyndale Ave S / go south to W. 65th Street / go east to Pleasant / north to property
City Richfield
Buyer Agent Compensation 1.00
High School District Richfield
Zoning Description Residential-Multi-Family
Total Units 11
Street Name Pleasant
Land Lease Y/N N
Tax Annual Amount 16336
Electric Expense 0
Fuel Expense 4206
Trash Expense 3398
Water Sewer Expense 2633
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Egress Window(s) Finished
Basement (Y/N) Y
Street Suffix Avenue
Ceiling Height 8-10
Fuel Natural Gas
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Exterior
Parking Features Paved
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.28
Building Area Total 11400
Lot Dimensions 100 x 120
Lot Size Units Acres
Foundation Area 3800
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 6413
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* Excluded Features
List By
Apartment Cash Flow, Inc.

Broker

nopatz@apartmentcashflow.com

Email

Affordability Calculator

$10,966
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,605
Monthly Property Taxes
$1,361
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
708414 Elementary School
708589 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/24/2024$1,375,000 Listed Price

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6413 Pleasant Avenue, Richfield, MN, 55423 is a Commercial Property for sale at $1,375,000 with 11,400 sqft and a lot size of 0.28. 6413 Pleasant Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 55423 which is in Richfield, MN

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