NOT LISTED FOR SALE

533 3rd Ave SW Cambridge, MN 55008

6 Beds
5 Baths
2,430 Sq Ft
0.3 Acres

Last Sold December 16, 2019

Last sale price $212,000 $87 Per Sq Ft

32 Days on Market

Highlights

  • Building Security
  • Baseboard Heating
  • 4-minute walk to Cambridge city park
  • Patio
  • Wood Siding

About This Home

As of December 2019

Excellent investment opportunity in this established 4-plex in great
Cambridge location! Cash flowing and with a great cap rate, this
property has all units currently leased and is ready for new ownership.
All units are spacious and many updates have been completed in the
units. All units have individual electric, shared laundry on site,
secured access for three units and private access for the fourth unit,
private decks and patios on the back of the property. Contract for Deed
terms are a possibility!

Last Listed By

Derek Ogren

RE/MAX RESULTS Listed on: 10/18/2019

RE/MAX RESULTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,890

Year Built

  • Built in 1960

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 93x142
  • Few Trees

Home Design

  • Pitched Roof
  • Asphalt Shingled Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for broadband, cable t.v., electric, fuel
  • Assessor Parcel Number 150480341

Community Details

Overview

  • 4 Units
  • Congers Add Subdivision

Security

  • Building Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,890

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Outside Features: Stucco, Wood
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Deck, Patio, Security Building
  • Fuel Type: Electric, Natural Gas
  • Numberof Ranges: Four
  • Year Built: 1960
  • Above Grade Finished Sq Ft: 2430.00
  • Above Grade Finished Area Search: 2430.00
  • Assessment Pending Y N: No
  • Below Grade Finished Sq Ft: 2310.00
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 10561
  • Listing Organization: Iowa
  • Living Area Finished: 4740.00
  • Living Area Finished Units: Square Feet
  • Parcel Numbers: 150480341
  • Property Sub Type Additional: Four Plex
  • Refrigerator Number: Four
  • Rental License: Yes
  • Stories Type: Split Entry (Bi-Level)
  • Water Sewer Expenses: 4875.20
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Egress Windows, Finished (Livable), Full, Walkout
  • Fireplace: No
  • Stories: 2
  • Below Grade Finished Sq Ft: 2310.00

Beds/Baths

  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt Shingles, Pitched

Garage/Parking

  • Parking Features: Paved Lot

Utilities

  • Heating: Baseboard, Radiant
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers

Schools

  • School District: 911 - Cambridge-Isanti
  • School District Phone: 763-689-6188

Lot Info

  • Zoning: Residential-Multi-Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • Assessment Pending: No
  • Lot Size: 93x142
  • Homestead: No
  • Lot Features: Tree Coverage - Light
  • Lot Size Acres: 0.3030
  • Lot Size Area Units: Square Feet

Rental Info

  • Owner Pays: Insurance, Janitorial, Lawn, Maintenance/Repair, Snow, Taxes, Trash, Water/Sewer
  • Rental License: Standard

Building Info

  • Units Total: 4.00

Tax Info

  • TaxLegalDescription: CONGERS ADDITION LOTS 4 & E 43' OF LOT 5, BLK 7
  • Tax Amount: 4890.00
  • Tax Year: 2019
  • Tax With Assessments: 4890.00
  • Assessor Parcel Number: 150480341

Multi Family

  • TenantPays: Broadband, Cable T.V., Electric, Fuel
  • Unit Count: 4
  • ElectricExpense: 1218.80
  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 911 - Cambridge-Isanti

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $212,000 +6.1% $87 / Sq Ft
11/19/2019 11/19/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $199,900 -- $82 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: NST5323645

NorthstarMLS