For Sale: Minneapolis MLS# 6476128
Active Contingent
$1,600,000
Commercial: Apartments
Built 1960
0.25 acres
Minneapolis schools
MLS# 6476128
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Property Description
Centrally located and easy to manage 11-Unit apartment building near the University of MN campus! Majority of the units are 2-BR with one being a hard to find 3-BR that has been recently
updated. This property is in solid condition with longstanding tenants in place and an opportunity for rent increases over time as current tenants vacate. Full brick exterior and a newer flat roof. Park off-street in the rear parking lot behind building, with plenty of space for each unit. Well
maintained mechanicals and solid ownership. Boiler Heat and Natural Gas Fuel. Residential/Multi-Family zoning. Public Transportation is within walking distance to building. This is a
quiet and well leased location for your next investment property.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$1,600,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1960
State:
MN
Property Style:
Apartments
Zip Code:
55414
Neighborhood/Area:
Marcy Holmes
Subdivision Name:
Mill Cos Add To St Anthony Fal
Interior
Ranges:
One
Refrigerators:
One
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Partially Finished
- Storage/Locker
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
12
Foundation Size:
3,888 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- Paved
Unit Amenities:
- Ceiling Fan(s)
- Main Floor Primary Bedroom
- Natural Woodwork
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Brick/Stone
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.25
Geolocation:
44.98708, -93.247363
Inclusions:
Building, Leases
Lot Dimensions:
66 x 165
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$27,260
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$27,260
Income
Annual Gross Income:
$156,000
Units
Total Units:
11
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
None
Water System:
- City Water - In Street
- City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Integrity RE.
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.