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3513-3515 Hennepin Ave 5 Unit Apartment Building $850,000 ($170,000/Unit) 8.47% Cap Rate Minneapolis, MN 55408
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 | $850,000 | Building Class | B |
| Price Per Unit | $170,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 6,534 SF |
| Cap Rate | 8.47% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C1 | ||
| Price | $850,000 |
| 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 |
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Bike Score®
Biker's Paradise (93)
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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3513-3515 Hennepin Ave
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