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Active
Listed
$235,000
/mo   Edit
MLS# 5637291
Commercial
Built 1925
0.12 acres
Minneapolis schools
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    Description:   Great Mixed Use Building with Long Term Tenants. Salon on main floor with 2 bathrooms and lower level office area. 3 bedroom apartment with deck on upper level. Rent is $1150 for upper apartment and $1086 for Salon. Salon has been at the property for over 13 years. Upper has lease until 8/31/21 and has been at the property over 3 years.
    List Price: $235,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1925
    Neighborhood/Area: Cleveland
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55412

    Interior

    Building Fin Sq Ft: 3,312 ft²

    Exterior

    Heating System: Hot Water
    Foundation Size: 1,128 ft²
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 1
    Other Parking Spaces: 2

    Lot

    Acres: 0.12
    Latitude: 45.01827100
    Longitude: -93.30863200
    Lot Size Dim.: 0
    Dev/Complex Name: Fletcher & Fletchers Add
    Zoning: Business/Commercial

    Schools

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

    Expenses

    Annual Electric Expense: None
    Annual Fuel Expense: $1,425
    Annual Insurance Expense: $1,500
    Annual Maintenance Expense: $500
    Annual Gross Expense: $5,825
    Total Annual Expenses: $5,825
    Annual Water/Sewer Expense: $2,400
    Tenant Expenses: Electric

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $4,228
    Assessment Pending: No
    Taxes w/ Assessments: $4,228

    Income

    Annual Gross Income: $26,760

    Rent

    Annual Net Income: $20,935

    Unit

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

    Miscellaneous

    Current Use: Beauty/Barber Shop, Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building
    Sewer System: City Sewer/Connected
    Utilities: Electric Separate
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
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    Roaldson
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    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Land and Living Realty.
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