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

Multifamily Property For Sale

Banray Residence

3515 2nd Avenue South, Minneapolis, MN 55408

Price:
$285,000
No. Units:
21
Building Size:
11,025 SF
Price/Unit:
$13,571.43
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.7%
Lot Size:
8,127 SF
Find Out More...

Last Verified 10/21/2009 Listing ID 16353746

Description

The property is a former nursing home built in 1923 and has been converted into a 21 room boarding house with nine common bathrooms and full commercial kitchen in the lower level. Most recently the building was used for transitional housing. The building is currently vacant and in need of extensive rehab, including roof, heating system, all baths, kitchen, and all common area. Current zoning is R-5, multiple family residential. The work need is reflexed in the current list price on the property.

The property is located between 35th street and 36th street on 2nd ave south and adjacent to 35W south. Nieghboring properties include other residental type properties with sigle and multi family. two properties on this block of this type have been extensively rehabed in the past 2-3 years and have greatly improved the location.

Map of 3515 2nd Avenue South, Minneapolis, MN 55408 (Hennepin County)

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Presented by

The Mueller Group

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Contact Listing Broker

Steve Mueller (612) 386-7110

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Created 8/12/2009

Additional Information for 3515 2nd Avenue S, Minneapolis, MN 55408

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 2 RecentSales Records

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 - Banray Residence

3515 2nd Avenue South, Minneapolis, MN, 55408