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Listing Details
- $1,175,000
- MLS# 7088960
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780
Shown By
Agency Title: Town & Country Realty - Commercial Division
Agency Phone: 701-239-2250
Home Value Estimate
Description
11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place...read more
Features
- Heating: Boiler
- Stories: 2.0
- Taxes: $5,471
- Water: City Water/Connected
- Year Built: 1963
Gallery
Listed By
Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780
Shown By
Agency Title: Town & Country Realty - Commercial Division
Agency Phone: 701-239-2250
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