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Overview
Location
Mortgage
Sold for $1,325,000
Sold for $1,325,000
5940 E River Rd Fridley, MN 55432
$1,325,000
CLOSEDBeds
18
Baths
0
Sqft
0
Acres
0.424
Year
1961
Close Date
May 6, 2022
Property Type
Commercial Sale
Sub Type
Date Listed
Feb 14, 2022
Description of 5940 E River Rd, Fridley, MN 55432
Listing details for 5940 E River Rd, Fridley, MN 55432 : Please read...the building is master leased by a management company, monthly rent is $9,900. Two year current lease with 2 more 2 year options. Management fee is built into rent, only owner expenses are mortgage, taxes, insurance and cap X(roof, boiler/furnace, etc..). Cap rate is unmatched in this market. Management flips units and owner is not responsible for vacancies. Perfect for the investor that wants to be a more passive owner. 12 separate furnaces.
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Listing Updated : 08-24-2026 at 4:30 PM CDT
Property Details
Property Overview
Listing Price
$1,350,000
MLS #ID
6152544
Close Price
$1,325,000
Close Date
May 6, 2022
Bedrooms
18
Bathrooms
0
Square Footage
0
Acres
0.424
Year
1961
Days on Site
73 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Feb 14, 2022
Location
Street Address
5940 E River Rd
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
694 to East River Road, north to building.
Schools
School District
Home Specification
Bedrooms
18
Construction / Architecture
Year Built
1961
Roof
Flat
New Construction
No
Price per Sq Ft
$0
Lot Size (Acres)
0.424
Lot Dimensions
144x135x15x61x85x98
Interior Details
Appliances
Dryer, Range, Refrigerator and Washer
Fireplace
No
Heating
Forced Air
Cooling
Window Unit(s)
Exterior Details
Garage
No
Parking Features
Open
Exterior Features
Stone and Stucco
Fencing
None
Water Source
City Water/Connected and City Water - In Street
Sewer
City Sewer/Connected and City Sewer - In Street
Taxes, HOA & Financing
Annual Property Tax
$16,370.00
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6152544
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Property History
DateEventPrice
5/6/2022
Sold
$1,325,000
Source:NorthstarMLS #NST6152544
NorthstarMLS #NST6152544 2/14/2022
Listed for sale
—
Source:NorthstarMLS #NST6152544
NorthstarMLS #NST6152544Location of 5940 E River Rd, Fridley, MN 55432
Streetview of 5940 E River Rd, Fridley, MN 55432
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Homes Similar to 5940 E River Rd, Fridley, MN 55432
Based on information submitted to the MLS GRID as of 2026-08-24. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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