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Listed price in listed location currency (USD).
$2,400,000

000

MLS® 7141393

Overview

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage 
Taxes $34,164
Days Active 15
Lot Size 0.34 Acres
Approx. Age 1968
MLS® Number 7141393

Property Address: 2725 Pleasant Ave, Minneapolis, MN, 55408-1473

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

Description

Outstanding value-add investment opportunity in South Minneapolis. This 100%-occupied, 21-unit apartment building at 2725 Pleasant Ave S (1 efficiency, 3 studio/1-bath, 15 one-bedrooms, 2 two-bedrooms, plus 25 surface parking spaces and on-site laundry) offers a buyer immediate cash flow with significant upside as rents move to market. 15 units have already been updated, including 5 with new bathrooms, the 21st unit is currently being renovated and reactivated for an added income stream. Major capital items are already addressed — a full roof and parapet wall rebuild ($350, 000, 2023) and a 2026 sewer main lining — plus fresh common-area paint and new hallway carpet on order. A building-wide RUBS program was implemented within the past 12 months, shifting water/sewer, trash, and electric/gas costs to tenants, and the 25 parking spaces (currently free) offer a straightforward paid-parking upside. Seller financing may be available for qualified buyers.
MLS® Number7141393
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1968
Basement
DrivewayParking Lot
Garage Spaces
HeatOther
A/C

Extras

Building, Leases

Map

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