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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.
- Neighborhood
- Type
- CountyHennepin
- Tax Amount$21,359
- StatusActive
- Listing #6612328
- Built1910
- Listed on site20 days
Listed by:
RE/MAX Results
© 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of RE/MAX Results. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Last Updated: 10/04/2024 11:00
School Info
- school district1
Property details
Community Features
- No HOA
Property Features
- Gas Utilities
Exterior features
- No Pool
- Basement
Style
- Low Rise
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