Minnesota Real Estate Investors Association, Inc.

Minnesota Real Estate Investors Association, Inc.

7254 72nd Ln N, Brooklyn Park, MN 55428

Single Family / 2 Bedroom(s) / 1 Bath(s)

Property Status: Available | For Sale For Sale: $88,000.00

Property Photos

Off-Market Rental Portfolio Available!

Property Status:
This Property is currently...
  • Status: Available
  • For Sale For Sale: $88,000.00
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
Monthly HOA:
1 Car Detached
No Basement
Owner / Agent:
Individual Owner
Property Features:
No Property Features Listed.
Contact Info
Viking Home Buyers LLC
(612) 817-7811

View on Individual's Website
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

Legal Disclaimer:
Minnesota Real Estate Investors Association, Inc. is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

Contact Us

Minnesota Real Estate Investors Association, Inc.

2515 White Bear Ave #211
St Paul, MN 55109
(763) 432-2809

Proud Chapter of National REIA

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