For Sale: Minneapolis MLS# 7002440
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Property Description
Opportunity to own 14 units in a great transit/walk-able neighborhood. Located on the bus-line and a block from the light rail. 1960's Value Add opportunity, with about 80% of the units being updated/renovated. Rents below market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,600,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1960
State:
MN
Property Style:
Other
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
Adams Rgt Lts Monarch & Burgess Adds
Exterior
Stories:
Three Or More
Garage Spaces:
0
Foundation Size:
11,010 ft2
Foundation Dimensions:
Xx
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Lot & Land
Acres:
0.19
Geolocation:
44.944525, -93.231942
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
x x
Zoning:
Residential-Multi-Family
Schools
School District:
558
District Phone:
6126680000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$23,234
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$23,399
Income
Annual Gross Income:
$139,435
Rent
Annual Net Income:
$75,520
Units
Total Units:
14
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of National Realty Guild.
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.