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$ 650,000
Est. payment | /mo
3,868 SqFt
$ 650,000
Est. payment | /mo
3,868 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,868 sqft
Price per Sqft $168
Subdivision Highland Park Add To Anoka
MLS Listing ID 6771692
Year Built 1980
Annual Tax Amount $7,251
Tax Year 2025
Contingent None
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 130x42x130x42
Property Sub-Type Quadruplex
Property Description
This 4-unit multifamily property at 2750 Euclid Ave (3 two-bedroom units and 1 one-bedroom unit)
represents a compelling value-add opportunity priced at $650,000 with a projected 44% NOI increase to
$49,463 making it nearly an 8% CAP investment through RUBS implementation and rent optimization.
The top two floors featuring two-bedroom units have been stunningly redone, while the property is located
in Anoka's stable rental market with the city's $150 million capital improvement program (2024-2028) and
active new development nearby. This turnkey asset combines established cash flow stability with strategic
value-add execution potential in a proven and improving market
represents a compelling value-add opportunity priced at $650,000 with a projected 44% NOI increase to
$49,463 making it nearly an 8% CAP investment through RUBS implementation and rent optimization.
The top two floors featuring two-bedroom units have been stunningly redone, while the property is located
in Anoka's stable rental market with the city's $150 million capital improvement program (2024-2028) and
active new development nearby. This turnkey asset combines established cash flow stability with strategic
value-add execution potential in a proven and improving market
Location
State MN
County Anoka
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached
Garage Spaces 4.0
Building
Story Two
Foundation 1934
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Wood Siding
New Construction false
Schools
School District Anoka-Hennepin
Listed by David Kampmeyer • Real Broker, LLC