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$1,449,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
11/19/2024 07:07 PM
Key Details
Property Type Condo, Commercial
Sub Type Apartment,Low Rise
Listing Status Active
Purchase Type For Sale
Subdivision Kings Add
MLS Listing ID 6612328
Year Built 1910
Annual Tax Amount $21,359
Tax Year 2024
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 47x129
Property Description
Price Reduced - Fully leased with nearly an 8% Cap Rate! Several units were just renovated with new kitchens and baths. Bring all offers to this 7-Unit Multifamily Building For Sale near the Lakes in South Minneapolis! Renovated & huge 3+ bedroom, 1,300+ square foot units. Beautiful hardwood floors, 3 season porches, exposed brick & great natural light throughout. Rear room off the kitchen could be a 4th bedroom, dining room, or office. One legal and large garden level unit. Total building size of about 10,800 square feet. Tenants pay all utilities and each unit has new separately metered high efficiency gas boilers for hot water baseboard heat. 5 off-street parking stalls for additional income.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Partially Finished
Interior
Heating Boiler
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Paved, Open
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Present Use Commercial,Residential
Building
Foundation 2700
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Minneapolis
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Listed by Mark Hulsey • RE/MAX Results
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