7632 PLEASANT AVE

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7632 PLEASANT AVE

RICHFIELD, MN 55423
Asking Price
$600K
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Strong investment opportunity with four fully occupied units, long-term tenants, & excellent upkeep <p><strong><u>Rental Income </u></strong></p><p>Unit 1: 1 Bedroom $1,075 </p><p>Unit 2: 2 Bedroom $1,450 </p><p>Unit 3: 2 Bedroom $1,400 </p><p>Unit 4: 2 Bedroom $1,400</p><p></p><p><strong><u>Capital Expenditures/Improvements </u></strong></p><p>2021 Unit 3 Remodel New kitchen, windows</p><p>2024 Unit 2 Remodel Fully remodeled bathroom and kitchen, including tiling, vanity, cabinets, countertops, appliances, paint, windows, blinds, carpet/flooring, fixtures</p><p>2025 New Boiler</p><p>2025 New

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NOI
$80,000
Cap Rate
13.34%
DSCR
2.25
Strong
Cash-on-Cash
24.66%
Monthly Payment
$2,967.978
Annual Cash Flow
$44,384.265

Location & Travel Times