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Presented By: MRG Realty Partners, LLC
Now offered for sale in one of the most desirable rental neighborhoods of Minneapolis, this 4-plex offers owner occupants or investors a chance to add a prime location to their rental portfolio.
All units have “no winter move-out notice” stipulations through February 2025, so investors or owner occupants alike won’t have to worry about finding new tenants in the middle of winter. 3/4 Units are currently MTM.
Many mechanical updates have been completed by the owner investing thousands in a high-efficiency boiler, water heater, electrical, and plumbing which reduces the chance of a big expense in the first few years for the new owner.
Unit 3 is a large 2-bed unit which is split into 2 floors! Lots of living space demands a higher monthly rent or a great option for the work-from-home owner occupant investor.
Large parking lot out back where a garage used to be gives tenants plenty of space to park, or space to create a private backyard patio.
Please allow for 24-36 hour notice for showings with full occupancy.
This one will go quick, so come check it out today!
Presented By: MRG Realty Partners, LLC
Above Grade Finished Area3468
BasementBrick/Mortar
Basement (Y/N)No
Below Grade Finished Area
FuelNatural Gas
AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Leased
CityMinneapolis
Construction MaterialsSteel Siding
ContingencyInspection
CountyHennepin
DirectionsCentral Ave NE, go east on 23rd Ave NE, the property is on the right
Electric100 Amp Service
Electric Expense929
Fuel Expense2945
Garage Spaces
Gross Income52620
HeatingHot Water
High School DistrictMinneapolis
Insurance Expense2425
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Lot Size UnitsSquare Feet
MaintenanceExpense1
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense1
OwnerPaysGas, Insurance, Janitorial Service, Repairs, Sewer, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeQuadruplex
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NamePolk Street Sub
Tax Annual Amount8622
Tax Year2024
Tenant PaysCable TV, Electricity
Trash Expense1
Water Sewer Expense3460
Year Built1900
Zoning DescriptionResidential-Multi-Family
Building Area Total4968
Foundation Area1500
Lot Dimensions146 x 39
Lot Size Area0.13
Water SourceCity Water/Connected
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