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2800 Stevens Ave 5 Unit Apartment Building Offered at $725,000 Minneapolis, MN 55408

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INVESTMENT HIGHLIGHTS

Individual thermostats for Heat and individual air conditioners.
Nice looking old fashioned yard light.

There is the option of installing a 6th apartment.

EXECUTIVE SUMMARY

There is an option to put a 6th unit in the lower level. The zoning allows it and there is space. Some of the work has been done including a bathroom.

PROPERTY FACTS

Price	$725,000	Lot Size	0.15 AC
Price Per Unit	$145,000	Building Size	4,800 SF
Sale Type	Investment	Average Occupancy	80%
Gross Rent Multiplier	10	No. Stories	3
No. Units	5	Year Built	1969
Property Type	Multifamily Multifamily Apartments	Parking Ratio	1.04/1,000 SF
Building Class	C
Zoning	R5 - Allows for a 6th unit.

Price	$725,000
Price Per Unit	$145,000
Sale Type	Investment
Gross Rent Multiplier	10
No. Units	5
Property Type	Multifamily Multifamily Apartments
Building Class	C
Lot Size	0.15 AC
Building Size	4,800 SF
Average Occupancy	80%
No. Stories	3
Year Built	1969
Parking Ratio	1.04/1,000 SF
Zoning	R5 - Allows for a 6th unit.