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4162 Adair Ave N 2 Unit Apartment Building Offered at $660,582 CAD at a 6.40% Cap Rate Minneapolis, MN 55422
Executive Summary
Duplex ready for new owner. Fully Rented. Remodeled 2024
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $660,582 CAD | Property Type | Multifamily |
| Price Per Unit | $330,291 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 2,024 SF |
| Cap Rate | 6.40% | Average Occupancy | 100% |
| Gross Rent Multiplier | 42 | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1959/2024 |
| Zoning | SFR2 - Duplex | ||
| Price | $660,582 CAD |
| Price Per Unit | $330,291 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Gross Rent Multiplier | 42 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.19 AC |
| Building Size | 2,024 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2024 |
| Zoning | SFR2 - Duplex |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3.5 | 2 | $2,817 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-118-21-23-0012 | Total Assessment | $499,846 CAD |
| Land Assessment | $155,892 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $343,954 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-118-21-23-0012
Land Assessment
$155,892 CAD
Improvements Assessment
$343,954 CAD
Total Assessment
$499,846 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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4162 Adair Ave N
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