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2014 2nd Ave S
Minneapolis, MN 55404
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- VINTAGE THREE STORY APARTMENT BUILDING BUILT IN 1929 WITH 9,480 SQ FT. 9 UNITS WITH 4-ONE BEDROOMS, 4-EFFICIENCES, AND 1-THREE BEDROOM, 4 ONSITE PARKI
EXECUTIVE SUMMARY
VINTAGE THREE STORY APARTMENT BUILDING BUILT IN 1929 WITH 9,480 SQ FT. 9 UNITS WITH 4-ONE BEDROOMS, 4-EFFICIENCES, AND 1-THREE BEDROOM, 4 ONSITE PARKING SPACES. NEW ROOF IN 2016. NEW BOILER IN 2022. SOME OF THE UNITS HAVE BEEN REMODELED WITH NEWER WINDOWS. THE BUILDING HAS BEEN DESIGNATED AN HISTORIC APARTMENT BUILDING BY THE MINNEAPOLIS HERITAGE PRESERVATION COMMISSION. CLOSE TO THE MINNEAPOLIS INSTITUTE OF ARTS. SELLER WILL CONSIDER CONTRACT FOR DEED FINANCING.
PROPERTY FACTS
| Price Per Unit | $104,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.01% | Building Size | 9,480 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1929/2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.42/1,000 SF |
| Zoning | OR2 | ||
| Price Per Unit | $104,444 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,480 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1929/2022 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | OR2 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Basement
- Dining Room
- Handrails
- Linen Closet
- Smoke Free
SITE AMENITIES
- Maintenance on site
PROPERTY TAXES
| Parcel Number | 34-029-24-12-0020 | Improvements Assessment | $736,000 |
| Land Assessment | $127,000 | Total Assessment | $863,000 |
PROPERTY TAXES
Parcel Number
34-029-24-12-0020
Land Assessment
$127,000
Improvements Assessment
$736,000
Total Assessment
$863,000
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