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3513-3515 Hennepin Ave
Minneapolis, MN 55408
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
Fully occupied mixed use building in the heart of South Minneapolis! Great investment opportunity and includes the parking lot to the north. Seller open to providing up to $350k in Seller financing. Email broker for additional financial information.
PROPERTY FACTS Under Contract
| Price Per Unit | $170,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.47% | Building Size | 6,534 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1926 |
| Apartment Style | Low-Rise | Parking Ratio | 1.22/1,000 SF |
| Zoning | C1 | ||
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 6,534 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | C1 |
AMENITIES
UNIT AMENITIES
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 150 |
| Studios | 2 | - | 432 - 600 |
| 1+1 | 1 | - | 600 |
| 2+1 | 1 | - | 812 |
PROPERTY TAXES
| Parcel Number | 04-028-24-42-0052 | Improvements Assessment | $494,000 |
| Land Assessment | $153,000 | Total Assessment | $647,000 |
PROPERTY TAXES
Parcel Number
04-028-24-42-0052
Land Assessment
$153,000
Improvements Assessment
$494,000
Total Assessment
$647,000
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