For Sale: Minneapolis MLS# 6652707
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Property Description
Discover an incredible development opportunity at 1806 44th Ave N in Minneapolis. This commercial-zoned property offers the potential to construct a 12-unit apartment building in a thriving area near North Regional Library, Victory Memorial Parkway, and direct bus routes to downtown. Residents will enjoy nearby dining options like Tori 44 and The Lowry Cafe, as well as proximity to Loring Community School and other amenities.
This property presents an exceptional investment opportunity with significant tax benefits, including depreciation and mortgage interest deductions. With the potential for **huge cash flow, tax savings, and long-term equity growth**, projected cash flow after the mortgage is paid off could exceed **$280, 000 annually**, making it an ideal choice for future retirement security. Don�??t miss your chance to bring this high-demand development project to life
Listing
Listing Status:
Active
Contingency:
None
List Price:
$109,000
Property Type:
Lot/Land
City:
Minneapolis
County:
Hennepin
State:
MN
Property Style:
Lot/Land
Zip Code:
55412
Neighborhood/Area:
Webber - Camden
Subdivision Name:
Camden Oaks Add
Exterior
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Lot & Land
Acres:
0.15
Geolocation:
45.035743, -93.303183
Inclusions:
Deck
Lot Dimensions:
43 x 150 x 43 x 150
Restrictions:
None
Zoning:
Residential-Single Family
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$912
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$912
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Other
Improvements:
Curbs, Paved Streets, Sidewalks
Available Utilities:
- None Available
- None Connected
Mortgage Calculator
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Listing provided by RMLS,
courtesy of Johansson Realty Inc.
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.