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

Multifamily Property For Sale

Minneapolis 12 Units

3122 23rd Avenue South, Minneapolis, MN 55407

Price:
$675,000
No. Units:
12
Building Size:
10,500 SF
Price/Unit:
$56,250
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Government Subsidized
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9%
Occupancy:
100%
Find Out More...

Last Verified 9/9/2009 Listing ID 16106760

Description

Updated! On Light Rail, Bus, & park/ride. All New: Durolast (60yr) roof - October 2008. Windows & Doors Oct. 2007. Hallways - June 2006. Exterior Concrete Steps - June 2003. Boiler - March 2004. Water heater - March 2008. New parking lot. $75k in general upgrades. Easy to rent, manage & operate.

Several blocks from the light rail near Lake Street.

Financial Summary

Actual
Net Operating Income
$60,750

Map of 3122 23rd Avenue South, Minneapolis, MN 55407 (Hennepin County)

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Created 2/17/2009

Additional Information for 3122 23rd Avenue S, Minneapolis, MN 55407

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 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.

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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 - Minneapolis 12 Units

3122 23rd Avenue South, Minneapolis, MN, 55407