For Sale: Minneapolis MLS# 6726854
Active
NEW!
$650,000
Commercial: Apartments
Built 1912
0.24 acres
Minneapolis schools
MLS# 6726854
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Property Description
Two buildings, one purchase! One 4plex and a duplex in the back. Consistent occupancy rate, great cash flow and located just minutes from US Bank Stadium.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1912
State:
MN
Property Style:
Apartments
Zip Code:
55404
Neighborhood/Area:
Elliot Park
Interior
Ranges:
Six or More
Refrigerators:
Six or More
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
3,277 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
On-Street Parking Only
Unit Amenities:
- Balcony
- Porch
Exterior Material:
- Metal Siding
- Stucco
Lot & Land
Acres:
0.24
Geolocation:
44.967216, -93.25767
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
151 x 50
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
$28,647
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,626
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,626
Income
Annual Gross Income:
$69,850
Rent
Annual Net Income:
$41,203
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- 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 Edina 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.