For Sale: Minneapolis MLS# 6682990
Active
$1,400,000
Commercial: Apartments
Built 1900
0.24 acres
Minneapolis schools
MLS# 6682990
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Property Description
This unique property features a 6-plex with five 2-bed, 1-bath units and one 1-bed, 1-bath unit, alongside a beautifully remodeled 4-bed, 2-bath single-family home. All units are fully leased, ensuring immediate rental income. Located in the highly desirable arts district, with in-unit laundry in each unit, this property offers a convenient lifestyle for tenants and strong potential for future rent increases. Don�??t miss this rare opportunity to own a prime piece of Northeast Minneapolis! Contact Isaac for more information or to schedule a showing.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,400,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Apartments
Zip Code:
55413
Neighborhood/Area:
Logan Park
Subdivision Name:
Mcmillans Add
Exterior
Garage Spaces:
1
Other Parking Spaces:
1
Air Conditioning:
Central Air, Window Unit(s)
Foundation Size:
3,000 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Detached
Exterior Material:
- Aluminum Siding
- Vinyl Siding
- Wood Siding
Lot & Land
Acres:
0.24
Geolocation:
45.005441, -93.255378
Inclusions:
Building
Lot Dimensions:
128 x 80
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$769
Annual Fuel Expense:
$350
Annual Insurance Expense:
$5,187
Annual Water/Sewer Expense:
$4,145
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$14,748
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$15,083
Income
Annual Gross Income:
$146,550
Units
Total Units:
7
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Jason Mitchell Group.
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.