2 months on rocket

7673 River Rd, Fridley, MN, 55432

$750,000

Home List Price

$8,906*

Closing Credit

0 Baths
4,788 SqFt
$157/SqFt
Multi

Location

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7673 River Rd, Fridley$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAsphalt
Year Built1966
HeatingBaseboard, Steam
MLS #6612766
StatusActive

About 7673 River Rd

Exceptional Investment Opportunity: Premier 4-Plex Package Deal Dive into a lucrative venture with this exclusive offer—two substantial 4-plex buildings, each available for $750,000, sold together to create a formidable asset in your real estate portfolio. Situated at 7673 East River Road and 106 77th Way, these properties stand out in the market for their expansive units and strategic location, offering a seamless blend of high returns and tenant appeal. Highlights of This Unique Investment: Spacious Living Areas: Generously sized units ensure high tenant demand and premium rental rates, enhancing your investment return. Convenient Amenities: Equipped with essential in-building laundry facilities and abundant parking, these properties offer the comforts and conveniences that drive rental desirability. Optimized Portfolio Expansion: Acquiring both buildings simultaneously allows for streamlined management and operational synergies, making this a smart move for savvy investors. Investor Advantages: Targeted Buyer Appeal: This opportunity is tailored for discerning investors ready to capitalize on a significant market position. Scheduled Viewings: Arrange a tour with a minimum of 24 hours’ notice to fully appreciate the value and potential of these properties, all while respecting our valued tenants’ comfort. Elevate your real estate investment strategy with this premium offering.

Property Details

Property Features

Property Information:

  • Year Built: 1966
  • Living Area: 4,788 SqFt

Listing Office:

  • Office Name: Investors Realty MN

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Parking: Asphalt

Utilities

Utilities Information:

  • Heating: Baseboard, Steam

Other

Directions Information:

  • Directions: N on East River Rd from 694. Property on east side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $157/SqFt
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Housing Market Comparison

See how this home compares to others in Fridley, MN.

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Fridley, MN

City

Med. Sold Price

$315K

Med. Price/SqFt

$180

Avg. Days On Market

32

# of Sold Homes

24

7673 River Rd vs Fridley

69 DAYS ON ROCKET

+37 Days

$750,000

+$435K More

$157/SqFt

-$23 Less

KEY TAKEAWAY

This property is $435K more than the Median Sold Price and $23/SqFt less than other homes in Fridley, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6612766

Listing Office:

  • Office Name: Investors Realty MN

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Last updated on: 12/17/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$3,811

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4387233
2
/10

  • Park Terrace Elementary School

  • 8301 Terrace Rd NE

  • 1.12 miles

  • Public District Grades PK-4

school-card-donut-4387234
5
/10

  • Woodcrest Elementary Spanish Immersion

  • 880 Osborne Rd NE

  • 1.24 miles

  • Public District Grades KG-4

school-card-donut-4387235
9
/10

  • Monroe Elementary School

  • 901 Brookdale Dr

  • 1.31 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,372. Typical income of Fridley, MN residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Anoka County›Fridley›55432›7673 River Rd

This home is located at 7673 River Rd in Fridley, MN and zip code 55432. This 4,788 square foot home was built in 1966. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $750,000.

Over 8 listings were sold over their listed price in November 2024 in Fridley, MN. In the same period over 8 listings were sold below the listed price and 8 listings were sold for the listed price. The number of homes for sale in Fridley, MN decreased by 15.5% between October 2024 and November 2024. While the average time on the market in November 2024 was 32 days, the median list price was $315,000.

From Rocket Homes Real Estate and based on county public records data.

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