1. Minnesota
2. Columbia Heights
3. 1733 37th Avenue NE

1733 37th Avenue NE, Columbia Heights, MN 55421

• 3,840 sqft

Property Description

Fantastic investment opportunity in Columbia Heights! This spacious property was previously used as a triplex and is currently zoned R2 and will need to be converted back to a legal duplex to meet city requirements. Seller will escrow or you can buy as-is. Flexible layout options allow for 2 large units. Architectural plans propose either a 5 bed/2 bath upper and 4 bed/2 bath lower setup or a 2 bed/1 bath unit paired with a 6 bed/3 bath configuration. Seller is open to Contract for Deed financing at 5% interest (principal & interest), 30% down for 5 years. Property management is available at just 7% a month. Major updates include a new roof on house and garage (2017), two new boilers (2018), two new water heaters (2019) and updated bathrooms and kitchen on the lower level. Per compliance all the electrical panels and components will be updated as well! Low maintenance, high potential! Perfect for a first time investor! Don’t miss this opportunity to add value and long-term cash flow to your portfolio!

Listing Status:

Coming Soon

Listing Office:

National Realty Guild : 651-330-8001

MLS ID:

6725651

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This listing courtesy of National Realty Guild