Log In/Sign Up
Your email has been sent.
2800 Stevens Ave 5 Unit Apartment Building $669,000 ($133,800/Unit) Minneapolis, MN 55408
Investment Highlights
- Individual thermostats for Heat and individual air conditioners.
- Nice looking old fashioned yard lights.
- There is the option of installing a 6th apartment.
Executive Summary
6th UNIT OPTION! ZONING ALLOWS FOR IT AND THERE IS SPACE IN THE LOWER LEVEL. There is a 1/2 bath already there and some finished space because the current owners had intended to put in an office. There are all month to month leases so a new owner is free to proceed with any plan desired. Shingle, not flat roof. Fenced yard with unique old fashioned lighting in the yard. The current rents are low at $1,000 and $1,100. I believe $1,250 is easily obtainable but buyers can verify.
Property Facts
| Price | $669,000 | Building Class | C |
| Price Per Unit | $133,800 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Gross Rent Multiplier | 9 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - Allows for a 6th unit. | ||
| Price | $669,000 |
| Price Per Unit | $133,800 |
| Sale Type | Investment |
| Gross Rent Multiplier | 9 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| 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. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,250 | 750 |
| 1+1 | 1 | $1,250 | 750 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 34-029-24-43-0096 | Improvements Assessment | $493,400 |
| Land Assessment | $94,600 | Total Assessment | $588,000 |
Property Taxes
Parcel Number
34-029-24-43-0096
Land Assessment
$94,600
Improvements Assessment
$493,400
Total Assessment
$588,000
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2800 Stevens Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.