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Listed price in listed location currency (USD).
$1,250,000

000

MLS® 7088981

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $8,318
Days Active 0
Lot Size 
Approx. Age 1960
MLS® Number 7088981

Property Address: 3540 11th 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, 250, 000 ($113, 636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94, 185 and clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9, 750, 000. Refer to OM for more details.
MLS® Number7088981
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
Basement
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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