Sold: Minneapolis MLS# 6487735
Sold
$2,999,900 (list price)
$2,750,000
Commercial: Apartments
Built 1903
0.6 acres
Minneapolis schools
MLS# 6487735
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Property Description
Perfectly situated on the UofM Campus, making it the PERFECT location for students. This fantastic investment opportunity boasts two large rental properties on one lot. 925 6th St SE is the TKE fraternity house with 11 bedrooms, 5 bathrooms, multiple common areas and 7 off street parking spots.
617 10th Ave SE is an 8 unit apartment building with 7 indoor garage stalls and indoor bike rack. Apartments include in-unit washer/dryer, dishwasher, stainless steel appliances and high end finishes.
The third structure is the Carriage house, currently used for storage.
925 6th will have all rooms available at fist showing. 617 10th will have two units available at first showing and more can be shown at future showings. All units are occupied with good standing leases in place.
Detailed financials are available upon request.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$2,999,900
Sold Price:
$2,750,000
Sold Date:
10/31/2024
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
10
County:
Hennepin
Year Built:
1903
State:
MN
Property Style:
Apartments
Zip Code:
55414
Neighborhood/Area:
Marcy Holmes
Subdivision Name:
Mill Cos Add To St Anthony Falls
Exterior
Garage Spaces:
10
Other Parking Spaces:
10
Foundation Size:
2,310 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
- Parking Garage
- Parking Lot
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.6
Geolocation:
44.985102, -93.239901
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
132 x 190
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$47,898
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$47,898
Units
Total Units:
8
Unit Number:
& 617 10th Ave SE
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water - In Street
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Stepping Stone Brokers LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.