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2420 1st Ave S
Minneapolis, MN 55404
Sheba Apartments · Multifamily Property For Sale
·
19 Units
Investment Highlights
- True Value-Add Opportunity: The property has an estimated 18% rental upside. In addition, there’s a vacant “down” unit that’s ready to be rehabbed.
- Classic Charm: The building oozes with an artistic, elegant, old world feel. The units have hardwood floors, built-in cabinets, and ornate woodwork
- Huge Units: The estimated average unit size is 739 square feet. The one bedrooms are incredibly spacious compared to the surrounding competition.
- Potential Contract For Deed: The seller is open to looking at a contract for deed offer but not necessarily asking for it.
Property Facts
| No. Units | 19 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 16,500 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1921 |
| Building Class | C | Parking Ratio | 0.24/1,000 SF |
| Zoning | R4 - Residential District | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 16,500 SF |
| No. Stories | 3 |
| Year Built | 1921 |
| Parking Ratio | 0.24/1,000 SF |
| Zoning | R4 - Residential District |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 733 |
| 2+1 | 1 | - | 850 |
Property Taxes
| Parcel Number | 34-029-24-13-0018 | Improvements Assessment | $1,676,000 |
| Land Assessment | $235,000 | Total Assessment | $1,911,000 |
Property Taxes
Parcel Number
34-029-24-13-0018
Land Assessment
$235,000
Improvements Assessment
$1,676,000
Total Assessment
$1,911,000
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