Map
Listed price in listed location currency (USD).
$1,175,000

000

MLS® 7088960

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $5,471
Days Active 0
Lot Size 
Approx. Age 1963
MLS® Number 7088960

Property Address: 3521 12th Avenue S, Minneapolis, MN, 55407

Average square foot calculated using Size range provided by listing agent.

Description

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1, 175, 000 ($106, 818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94, 017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9, 750, 000. Refer to OM for more information.
MLS® Number7088960
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1963
Basement
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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