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Presented By: RE/MAX Results
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.
Presented By: RE/MAX Results
BasementPartially Finished
Basement (Y/N)Yes
FuelNatural Gas
AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CountyHennepin
Current UseCommercial, Residential
DirectionsGirard Avenue South just off Hennepin Avenue between W 26th Street and W 27th Street.
Garage Spaces
HeatingBoiler
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
NumberOfUnitsTotal7
PostalCityMinneapolis
Property SubtypeApartment, Low Rise
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameKings Add
Tax Annual Amount21359
Tax Year2024
Tenant PaysAll Utilities
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Year Built1910
Zoning DescriptionBusiness/Commercial, Residential-Multi-Family
Building Area Total10800
Foundation Area2700
InclusionsBuilding, Land, Leases
Lot Dimensions47x129
Lot Size Area0.14
Parking FeaturesPaved, Open
Water SourceCity Water/Connected
Realtor® MN