Property Description Incredible Investment Opportunity!
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. Contact agent for more information regarding rent rolls and other financials. This is an investors dream!
Details
Contract Information
Status: Closed
Off Market Date: 2024-03-08
Current Price: 1610000
Closed Date: 2024-03-08
Sales Close Price: 1610000
Contingency: None
ListPrice: 1900000
List Date: 2023-07-13
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 1958
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 14
Baths Total: 14
Foundation Size: 1920
For Sale or Lease: For Sale
Acres: 0.23
Lot Dimensions: 165x59
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Mcmillans Sub Blks Rollins Add
Assessments
Tax With Assessments: 11671
Building Information
Building Finished SqFt: 5208
Income and Expenses
Annual Net Income: 113492
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 24
Township#: 29
Sale Options
Sale Includes: Business, Land
Unit 1
Unit Number: 1
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2023-08-26
No. of 1 Bedroom Units: 14
Unit 10
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 5
Unit 11
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 6
Unit 12
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 7
Unit 13
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 8
Unit 14
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 9
Unit 2
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 2
Unit 3
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 11
Unit 4
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 12
Unit 5
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 13
Unit 6
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 14
Unit 7
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 2
Unit 8
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 3
Unit 9
Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 4
Unit Details
Total Units: 14
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Stucco
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Hot Water
Loan Terms: Cash; Conventional; Other
On Site Utilities: Electric Separate; Heating Common; Hot Water Common