Sold: Minneapolis MLS# 6470549
Sold
$2,200,000 (list price)
$1,850,000
Commercial: Apartments
Built 1972
0.36 acres
Minneapolis schools
MLS# 6470549
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Property Description
All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$2,200,000
Sold Price:
$1,850,000
Sold Date:
05/16/2024
Property Type:
Commercial
City:
Minneapolis
County:
Hennepin
Year Built:
1972
State:
MN
Property Style:
Apartments
Zip Code:
55414
Neighborhood/Area:
Como
Subdivision Name:
Condo 0247 1313 Como Ave Se Condo
Exterior
Other Parking Spaces:
0
Foundation Size:
4,114 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
None
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.36
Geolocation:
44.988086, -93.232421
Inclusions:
Building, Land
Lot Dimensions:
132 x 121
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$1,765
Annual Fuel Expense:
$660
Annual Insurance Expense:
$3,910
Annual Maintenance Expense:
$7,678
Annual Gross Expense:
$54,878
Annual Trash Expense:
$2,017
Annual Water/Sewer Expense:
$7,820
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$24,090
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,037
Income
Annual Gross Income:
$204,771
Rent
Annual Net Income:
$149,892
Units
Total Units:
13
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Professionals.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.