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924 21st Ave S 6 Unit Apartment Building $715,000 ($119,167/Unit) 8.53% Cap Rate Minneapolis, MN 55404
EXECUTIVE SUMMARY
6 Unit Town-home Style Building minutes from Downtown Minneapolis! 4 units are two levels with balconies. Good Layouts. Off Street Parking. Public transportation is within walking distance to the building and located right south of 94W. The building is located near Augsburg, University of Minnesota, and numerous restaurants and sites ie: A Bar of Their Own, Pizza Luce and Cedar Cultural Center.
PROPERTY FACTS
| Price | $715,000 | Building Class | C |
| Price Per Unit | $119,167 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 8.53% | No. Stories | 2 |
| No. Units | 6 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | R-6, Minneapolis | ||
| Price | $715,000 |
| Price Per Unit | $119,167 |
| Sale Type | Investment |
| Cap Rate | 8.53% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,800 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.08/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-6, Minneapolis |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Controlled Access
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 25-029-24-33-0090 | Improvements Assessment | $501,600 |
| Land Assessment | $129,400 | Total Assessment | $631,000 |
PROPERTY TAXES
Parcel Number
25-029-24-33-0090
Land Assessment
$129,400
Improvements Assessment
$501,600
Total Assessment
$631,000
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924 21st Ave S
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