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Bossen Terrace 5733 Bossen Ter 8 Unit Apartment Building $990,000 ($123,750/Unit) Minneapolis, MN 55417
Investment Highlights
- Minutes from MSP Airport, Hwy 62, 494, Richfield Retail
- 10 off street parking plus street parking
- Below market rents with immediate value add uplift
- Tenant paid electric lowers operating overhead
- Updated electric service in 2025
- Strong tenant pool and stable operations
Executive Summary
Property Overview
Prime 8-unit multifamily investment in the heart of South Minneapolis with strong value-add upside. Rents are well below market, offering immediate potential to boost cash flow through updates and rent optimization. Convenient access to major highways and MSP Airport, plus close proximity to parks, shopping, and popular dining ensures strong, long-term rental demand. A rare opportunity to acquire a well-located multifamily asset offering both stability and growth in one of Minneapolis’ most desirable rental markets. 48 Hours notice is needed to tour the building. Contact agent for tours.
Prime 8-unit multifamily investment in the heart of South Minneapolis with strong value-add upside. Rents are well below market, offering immediate potential to boost cash flow through updates and rent optimization. Convenient access to major highways and MSP Airport, plus close proximity to parks, shopping, and popular dining ensures strong, long-term rental demand. A rare opportunity to acquire a well-located multifamily asset offering both stability and growth in one of Minneapolis’ most desirable rental markets. 48 Hours notice is needed to tour the building. Contact agent for tours.
Property Facts
| Price | $990,000 | Building Class | C |
| Price Per Unit | $123,750 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 6,383 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 1.57/1,000 SF |
| Zoning | RM1 | ||
| Price | $990,000 |
| Price Per Unit | $123,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,383 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | RM1 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Storage Space
- Bicycle Storage
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 6 | - | - |
1 1
Property Taxes
| Parcel Number | 19-028-23-23-0061 | Improvements Assessment | $568,900 |
| Land Assessment | $147,100 | Total Assessment | $716,000 |
Property Taxes
Parcel Number
19-028-23-23-0061
Land Assessment
$147,100
Improvements Assessment
$568,900
Total Assessment
$716,000
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Videos
Matterport 3D Exterior
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Photos
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Bossen Terrace | 5733 Bossen Ter
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