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Browse More Listings in Multifamily For Sale, Minneapolis, MN or Minnesota

Multifamily Property For Sale

SAMFEL Property

2631 Columbus Ave. S., Minneapolis, MN 55407

Price:
$1,782,000
No. Units:
33
Building Size:
31,464 SF
Price/Unit:
$54,000
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2.7%
Cap Rate:
10.38%
Occupancy:
100%
No. Stories:
2
Year Built:
1972
Find Out More...

Last Verified 10/30/2009 Listing ID 15239428

Highlights

Low Maintenance
Fully Rented - Rents could be upped
Great Location - Close to Eat-street, Uptown, Downtown & Hyways

Newer Roof - only 4yrs old with 15yr warranty
Brick exterior
Large Units with wall a/c & ceiling fans

Description

Beautiful 33 units apartment building. Large units in great conditions. Security building, Laundry facilty,Wall A/C, Ceiling fans, Off Street parking - Parking lot, Newer roof - only 4 years old with a 15yr warranty. Fully rented, Rents could definitely be upped.

28th Street in South Minneapolis to Columbus, North to Property (OR) 26th Street in South Minneapolis to Columbus, South to Property. (Property is 1 Block West of Abbott Northwestern Hospital on Chicago Ave.).

Financial Summary

Unit Mix Information

Proforma
Year
2009
Scheduled Gross Income
$262,000
Net Operating Income
$185,000

Description	No. Units	Avg. Mo. Rent
2-BR Units	5	$800
1-BR	27	$620
Studio	1	$500

Map of 2631 Columbus Ave. S., Minneapolis, MN 55407 (Hennepin County)

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Created 7/13/2007

Additional Information for 2631 Columbus Avenue, Minneapolis, MN 55407

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - SAMFEL Property

2631 Columbus Ave. S., Minneapolis, MN, 55407