For Sale: Minneapolis MLS# 6513337
Active Contingent
$995,000
Commercial: Apartments
Built 1963
0.21 acres
Minneapolis schools
MLS# 6513337
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Property Description
Now for sale, 3001 N 3rd St is a fully renovated 8 Unit with updated units and mechanicals offering investors a low maintenance and affordable investment option to add to their portfolio.
The building is conveniently located off Highway 94 which is less than 5 miles or a 10 minute drive to North Loop and downtown Minneapolis. A strong mix of 1 & 2 beds, desirable layouts and numerous modern security updates give tenants a sense of safety.
New owners will be able to capitalize on the properties 4-D tax status and tax rate of an estimated .25%! (reduced from an estimated 1.6%).
Listing
Listing Status:
Active Contingent
Contingency:
Other
List Price:
$995,000
Property Type:
Commercial
City:
Minneapolis
County:
Hennepin
Year Built:
1963
State:
MN
Property Style:
Apartments
Zip Code:
55411
Neighborhood/Area:
Hawthorne
Subdivision Name:
Morrisons Add To North
Interior
Appliances Included:
- Cooktop
- Exhaust Fan
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
Exterior
Stories:
Two
Other Parking Spaces:
11
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,696 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.21
Geolocation:
45.010906, -93.283815
Inclusions:
Rental License
Lot Dimensions:
52 x 170
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$7,105
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,025
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of MRG Realty Partners, 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.