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. Donâ??t miss your chance to bring this high-demand development project to life
Listing
Listing Status:
Active
Contingency:
None
List Price:
$120,000
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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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
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.