3515 2nd Ave S | Minneapolis, MN 55408
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- LoopNet Team
3515 2nd Ave S
Minneapolis, MN 55408
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Turnkey investment property being sold at an attractive basis; Completely gutted and renovated in 2016
- Diverse and Superior Unit Mix; 1 studio, 2 one’s, 5 two’s, and 4 three-bedroom residences
- Located just off interstate 35W in the “Central” neighborhood of Minneapolis close to public transportation and abundant retail
- Upgrades from 2016 include new roof, windows, electrical, plumbing, HVAC, Unit Interiors, etc.
- Nine on-site parking spaces
- Potential debt assumption of $1,383, 922 at 5.68% for another three years. *Subject to strength of guarantor and assumption fees
Property Facts
| No. Units | 12 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 11,088 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1923/2016 |
| Building Class | B | ||
| Zoning | R5 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 11,088 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1923/2016 |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 2 | - | 500 |
| 2+1 | 5 | - | 750 |
| 3+1 | 4 | - | 850 |
Property Taxes
| Parcel Number | 03-028-24-42-0041 | Improvements Assessment | $1,592,100 |
| Land Assessment | $112,900 | Total Assessment | $1,705,000 |
Property Taxes
Parcel Number
03-028-24-42-0041
Land Assessment
$112,900
Improvements Assessment
$1,592,100
Total Assessment
$1,705,000
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