Property Description:
30 units in Brooklyn Park, with an opportunity for 19 additional units.
Off-Market Rental Portfolio Available! 30 condos in Brooklyn Park. Majority of the units have renters already in place. Cash flow from the start! Opportunity to raise rents on several units. These condos are located at the Strawberry Commons and Catskill Commons associations (7100-7468 72nd Ln N, Brooklyn Park).
22 Units - 1 bed / 1bath
8 units - 2 bed / 1 bath
Each unit comes with a 1 car detached garage spot
SOME PICS AND RENT ROLL HERE: drive.google.com/drive/folders/1uD8v-PAggoM3qHSOzziZ1OFLMitr5wXm?usp=share_link
Association Fees include: Building Exterior, Hazard Insurance, Heating, Lawn Care, Outside Maintenance, Professional Management, Sanitation, Shared Amenities, Snow Removal, Water/Sewer.
All tenants are paying electric. Owner is only responsible for the HOA dues, taxes and an HO6 policy.
4 Units are vacant and available to be shown.
Price: $88k per door, which is $2,640,000 total for all 30 units. Realtors stack your fee.
If one investor buys this portfolio, there are an additional 19 units that can be sold. These units have lower dues (average between all 19 units is roughly $287/mo), and therefore will have a slightly higher asking price. These 19 units are 6 two beds and 13 one beds.
Contact Ashley for access and more information.
Thank you,
Ashley 612-817-7811