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1816-1818 Bryant Ave
Minneapolis, MN 55411
Multifamily Property For Sale
·
23 Units
Investment Highlights
- Multi-family investment opportunity
- Secured entries
- 10+ restaurants in close proximity
- Built in 1962
- 19 private parking spaces
- New apartment building just north of property
Executive Summary
At the asking price of $2,300,000, the property is marketed at a 7.62% cap rate and generates current annual rental income of approximately $340,635. With 24 residential units, strong accessibility to major transportation corridors, and a history of capital improvements, the asset offers investors an opportunity to acquire a stabilized multifamily property in a well-connected Minneapolis location with existing income and long-term ownership potential
Property Facts
| Price Per Unit | $100,000 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Cap Rate | 7.62% | Average Occupancy | 100% |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R2B | ||
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.81/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2B |
Amenities
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Gas Range
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 650 - 700 |
Property Taxes
| Parcel Number | 16-029-24-41-0080 | Improvements Assessment | $1,767,500 |
| Land Assessment | $63,500 | Total Assessment | $1,831,000 |
Property Taxes
Parcel Number
16-029-24-41-0080
Land Assessment
$63,500
Improvements Assessment
$1,767,500
Total Assessment
$1,831,000
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