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Presented By: Keller Williams Realty Integrity
Rare Lake Harriet Parkway Investment Opportunity!
This rare, Lake Harriet apartment complex offers either the owner-occupant looking to reduce housing expenses or risk-averse investors looking for a surefire buy-and-hold the perfect opportunity. This property boasts incredible lake views and an easy walk to Linden Hills downtown restaurants and shops. Just steps from the bike and walking paths around the lake, there's no reason not to work out. Comprised of two separate buildings, there are units available for both those with a taste for Victorian charm and hardwood floors, as well as those drawn to a more sleek, modern aesthetic. Extremely rare 6-car garage! Hurry. There are very few buildings on any of Minneapolis' lakes and they rarely become available for sale to the public.
Presented By: Keller Williams Realty Integrity
Basement (Y/N)No
Ceiling Height11-15
FuelNatural Gas
Garage Dimensions60x20
Garage Door Width8
Garage Square Feet1200
AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitBalcony, Hardwood Floors, Natural Woodwork, Porch, Washer/Dryer Hookup
AppliancesDishwasher, Dryer, Range, Refrigerator, Washer
CityMinneapolis
Construction MaterialsFiber Board, Stucco, Wood Siding
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseResidential
DirectionsFrom Highway 62, North on Xerxes ave S, Right on W 43rd St, Right on Linden Hills Blvd, Merge onto W Harriet Parkway, property is on the righthand side.
Electric Expense
Fuel Expense1654
Garage Spaces5
Gross Income208461
HeatingBoiler, Forced Air
High School DistrictMinneapolis
Insurance Expense6142
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income149829
NumberOfUnitsTotal7
Operating Expense58632
OwnerPaysInsurance, Repairs, Sewer, Snow Removal, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeApartment
Property TypeCommercial Sale
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHoyts Crestmont Add
Tax Annual Amount25462
Tax Year2024
Tenant PaysElectricity, Parking Fee
Trash Expense0
UtilitiesElectric Separate
Water Sewer Expense1500
Year Built1934
Zoning DescriptionResidential-Multi-Family
Building Area Total6749
Foundation Area3500
InclusionsBuilding
Lot Dimensions150x43
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Light
Lot Size Area0.14
Parking FeaturesTuckunder Garage
Water SourceCity Water/Connected
Realtor® MN