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Sold
Sold
$849,000  (list price)
$815,000
/mo   Edit
MLS# 5316734
Commercial
Built 1889
0.17 acres
Minneapolis schools
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    Description:   Bring Offers. Opportunity Zone 5 unit apartment building w 4 BR each unit!! 20 total BR. New Roof Coating 2019. Great layouts, w galley style kitchen. Furnaces by unit, 5 new water heaters, storage, parking, easy to run low expenses great gross revenues and high NI. See enclosed figures. CLA for showings and more information. 7.9% Cap Ask. CLA for more info.
    List Price: $849,000
    Sold Price: $815,000
    Sold Date: 12/31/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 1889
    Neighborhood/Area: Ventura Village
    City: Minneapolis
    Zip Code: 55404

    Interior

    Building Fin Sq Ft: 6,585 ft²

    Exterior

    Heating System: Forced Air
    Foundation Size: 2,195 ft²
    Handicap Accessible: None
    Exterior Material: Metal, Vinyl
    Garage Spaces: 0
    Other Parking Spaces: 6

    Lot

    Acres: 0.17
    Latitude: 44.96447000
    Longitude: -93.25203800
    Lot Size Dim.: 50x150
    Dev/Complex Name: Cornells Add
    Zoning: Residential-Multi-Family

    Schools

    School District: 1 - Minneapolis
    District Phone: 612-668-0000

    Expenses

    Total Annual Expenses: $24,000

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $10,664
    Assessment Pending: No
    Taxes w/ Assessments: $10,664

    Income

    Annual Gross Income: 95000.00

    Rent

    Annual Net Income: $71,000

    Unit

    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 5
    Number of Efficiencies: 0

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Leases
    Sewer System: City Sewer/Connected
    Utilities: Heating Separate, Electric Separate, Hot Water Common
    Water System: City Water/Connected

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