For Sale: Minneapolis MLS# 6567442
Active
$1,100,000
Commercial: Retail/Shopping Center
Built 1890
0.1 acres
Minneapolis schools
MLS# 6567442
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Property Description
Excellent opportunity for cash flowing investment in South Minneapolis. This Multi Unit Building is fully rented and recently remodeled. Call for a tour today.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,100,000
Property Type:
Commercial
City:
Minneapolis
County:
Hennepin
Year Built:
1890
State:
MN
Property Style:
Retail/Shopping Center
Zip Code:
55404
Neighborhood/Area:
Midtown Phillips
Interior
Ranges:
Four
Refrigerators:
Four
Basement Details:
Full
Exterior
Other Parking Spaces:
0
Foundation Size:
2,885 ft2
Handicap Accessible:
None
Heating System:
Other
Parking Features:
On-Street Parking Only
Unit Amenities:
Hardwood Floors
Exterior Material:
Stucco
Roof Details:
Flat
Lot & Land
Acres:
0.1
Geolocation:
44.958897282, -93.2597610528
Inclusions:
Building, Leases
Lot Dimensions:
55X82
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
None
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$13,876
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$13,876
Income
Annual Gross Income:
$103,200
Rent
Annual Net Income:
$84,822
Units
Total Units:
7
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Professional/Office
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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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 Realty Inc.
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.