4628 Tyler Street Northeast

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4628 Tyler Street Northeast

Minneapolis, MN 55421
Asking Price
$1.40M
Cap Rate
8.43%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

14-Unit Value-Add Opportunity | 100% Occupied | Month-to-Month Upside | Columbia Heights MN <ul><li>​100% occupancy maintained for 3+ consecutive years</li><li>​14 units across two fully stabilized buildings</li><li>​Single turnover in ownership tenure; re-leased with zero downtime</li><li>​Majority of leases on month-to-month terms, offering immediate rent growth flexibility</li><li>​Clean, predictable T12 expenses with 2 years of stable insurance premiums</li><li>​New roof on both buildings (2021)</li><li>​New boilers in both buildings</li><li>​New electrical meters on both buildings

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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234

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