3500 Emerson Ave S | Minneapolis, MN 55408
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- LoopNet Team
3500 Emerson Ave S
Minneapolis, MN 55408
3500 Emerson Arms Apartment Building · Multifamily Property For Sale
·
18 Units
Investment Highlights
- This FULLY LEASED 18-unit multi-family apartment complex is located in the South Uptown neighborhood of Minneapolis, and borders the Calhoun Isles.
- The South Uptown neighborhood includes a wide range of apartments, condos, and single family homes, as well as a mix of businesses.
- 1-mile average household income of $118,153 and 5-mile population of 510,321.
- 3500 Emerson Arms is a charming, garden style apartment building consisting of one-bedroom and studio apartments w/ original hardwood floors.
- The nearby lakes provide ample opportunities for recreation including walking and biking trails, kayaking, paddleboarding, sailing, swimming, etc.
Property Facts
| No. Units | 18 | Building Size | 20,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | R4 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 20,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | 450 |
| 1+1 | 9 | - | 650 |
Property Taxes
| Parcel Number | 04-028-24-42-0144 | Improvements Assessment | $1,668,400 |
| Land Assessment | $265,600 | Total Assessment | $1,934,000 |
Property Taxes
Parcel Number
04-028-24-42-0144
Land Assessment
$265,600
Improvements Assessment
$1,668,400
Total Assessment
$1,934,000
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