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Active
Listed
$849,000
/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
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    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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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Chrissy
    Von Itter
    Movement
    Jeff
    Zajac
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    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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    Listing provided by RMLS, courtesy of MRG Realty Partners, LLC