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Presented By: Keller Williams Premier Realty
This is a remarkable investment opportunity. It is perfect for investors who are looking to get into a cash-flowing investment property. 8 total bedrooms and 5 total baths. These are three fully leased condos in a triplex-style building that promises excellent cash flow and long-term stability. They are zoned as three separate condos, which offers a unique chance to own three properties under one roof. This property offers excellent cash flow and long-term stability. All three condos have the same owner. Unit C: nearly 2,000 sq ft, spans two levels with 4 bedrooms and 2 bathrooms. Recent updates include a new refrigerator, rants and newly installed bathroom in the attic, and new carpeting in main living areas. Unit B: Nearly 1,200 sq ft, recently updated in 2020 with new flooring, bathroom fixtures, kitchen upgrads, new living room windows, a deck and an updraded electrical panel. Unit A: 820 sq ft, 2 bedrooms, 1 bathroom with side access to the yard and a dining room area
Presented By: Keller Williams Premier Realty
BasementBlock, Storage/Locker
Basement (Y/N)Yes
FuelElectric, Natural Gas
AccessibilityNone
Additional Parcels Description0302824140230, 0302824140231
Additional Parcels Y/NYes
AppliancesDishwasher, Dryer, Range, Refrigerator, Washer
Association AmenitiesDeck, Patio
CityMinneapolis
Construction MaterialsOther, Stucco
ContingencyNone
CoolingWindow Unit(s)
CountyHennepin
Current UseResidential
DirectionsFollow I94 W to E Grant St in Minneapolis. Take exit 233A from I-94. Drive to Portland Ave S. Turn right onto Portalnd Ave S
Garage Spaces3
Gross Income61800
HeatingForced Air
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
Net Operating Income40797
NumberOfUnitsTotal3
OwnerPaysInsurance, Repairs, Sewer, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeApartment
Property TypeCommercial Sale
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCondo 0162 Wolverton Condo
Tax Annual Amount6708
Tax Year2024
Tenant PaysElectricity, Gas
Unit NumberA, B, C
UtilitiesElectric Separate, Heating Separate
Year Built1889
Zoning DescriptionResidential-Multi-Family, Other
Building Area Total4762
Foundation Area1974
InclusionsBuilding, Leases, Other, Rental License
Lot Dimensions42.1x119.35
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0.19
Parking FeaturesDetached, Paved, More Parking Onsite for Fee
Water SourceCity Water/Connected
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