For Sale: Minneapolis MLS# 6748947
Active
$575,000
Commercial: Apartments
Built 1963
0.14 acres
Minneapolis schools
MLS# 6748947
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Property Description
Fully leased turnkey five-plex in prime location. Newer windows. One 2-BR unit and four 1-BR units. Off-street parking behind building. Storage closet for each unit. Coin-op laundry. A must see!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$575,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1963
State:
MN
Property Style:
Apartments
Zip Code:
55404
Neighborhood/Area:
Midtown Phillips
Subdivision Name:
Melvilles Rgt Blks Brackett & Boveys
Interior
Basement Details:
- Egress Window(s)
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
5
Air Conditioning:
Wall Unit(s)
Foundation Size:
1,401 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
- Hot Water
Parking Features:
Parking Lot
Shared Amenities:
- Coin-op Laundry Owned
- Security
Exterior Material:
Stucco
Roof Details:
Flat
Lot & Land
Acres:
0.14
Geolocation:
44.958415, -93.260939
Inclusions:
Building, Leases
Lot Dimensions:
48 x 127
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$186
Annual Fuel Expense:
$2,345
Annual Insurance Expense:
$4,778
Annual Maintenance Expense:
$1,100
Annual Gross Expense:
$11,178
Annual Trash Expense:
$1,114
Annual Water/Sewer Expense:
$1,145
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,320
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$9,320
Income
Annual Gross Income:
$61,500
Rent
Annual Net Income:
$50,322
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
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.