Property Attributes
- ID#6546993
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaRemingtons 2nd Add
- NeighborhoodRemingtons 2nd Add
- Zip55408
- StyleApartment
- Year Built1950
- Taxes$ 23594
- Price$ 1,390,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8436
- Lot Size0.24 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
Twelve Unit Apartment Building (8 1-Bedroom and 4 Studios) well cared for by owner-managers for over 25 years. Quiet South Side of Uptown. Mostly residential, tree-lined, one-way street. Green space around the bldg, access control security bldg, 8 off-street pkg spaces. Rarely Vacant. Updated units, hardwood floors, (most) kitchens with granite countertops. Roof 2017. Boiler and water heater 2020. Wonderfully walkable "MPLS Lakes" and Uptown area, highly desired by renters; just a few short blocks to city parks, Greenway bicycle trails, Lakes Bde Maka Ska and Isles and Harriet, as well as restaurants, grocery shops. Brother-in-law is caretaker and could stay on.
Price History | |
---|---|
6/3/2024 | Listed $1,490,000 |
6/20/2024 | 7% - $1,390,000 |
General Features
Sewer | City Sewer/Connected |
---|---|
Heating | Baseboard,Boiler,Hot Water |
Cooling | None |
Utilities | Electric Separate,Heating Common,Hot Water Common |
Roof | Age 8 Years or Less,Asphalt,Pitched |
Appliances | Microwave,Range,Refrigerator |
Construction Materials | Brick/Stone,Stucco |
Year Built | 1950 |
Tenant Pays | Cable TV,Electricity |
Topography | Level |
Levels | Two |
Property SubType | Apartment |
Tax Year | 2024 |
Current Use | Residential |
Gross Income | 149760 |
OwnerPays | Fuel,Insurance,Grounds Care,Repairs,Sewer,Snow Removal,Taxes,Trash Collection |
Accessibility | None |
County | Hennepin |
Net Operating Income | 104392 |
Operating Expense | 45368 |
Insurance Expense | 7172 |
Property Type | Commercial Sale |
Association Amenities | Coin-op Laundry Owned,Concrete Floors & Walls,In-Ground Sprinkler System,Other,Patio,Security |
Contingency | Inspection |
MaintenanceExpense | 900 |
Subdivision Name | Remingtons 2nd Add |
Directions | Hennepin Ave. East on 34th St. North on Fremont (one-way) going North. |
City | Minneapolis |
Buyer Agent Compensation | 2.50 |
High School District | Minneapolis |
Zoning Description | Residential-Multi-Family |
NumberOfUnitsTotal | 12 |
Lot Size Units | Acres |
Land Lease Y/N | No |
Tax Annual Amount | 23594 |
Electric Expense | 924 |
Fuel Expense | 5985 |
Trash Expense | 2156 |
Water Sewer Expense | 4267 |
Additional Parcels Y/N | No |
Days on Market | 21 |
Standard Status | Active |
Lender Owned | No |
Amenities Unit | Cable,Hardwood Floors,Intercom System,Kitchen Window,Local Area Network |
Buyer Agent Compensation Type | % |
PostalCity | Minneapolis |
Interior Features
Basement | Block,Crawl Space,Egress Window(s),Partial,Storage/Locker,Storage Space,Unfinished |
---|---|
Basement (Y/N) | Yes |
Fuel | Natural Gas |
Exterior Features
Parking Features | Paved,Unassigned |
---|---|
Lot Features | Public Transit (w/in 6 blks),Tree Coverage - Light |
Water Source | City Water/Connected |
Inclusions | Building,Fixture/Equipment,Land,Leases |
Lot Size Area | 0.24 |
Building Area Total | 8436 |
Lot Dimensions | 80x129 |
Foundation Area | 4218 |
Road Frontage Type | City Street |
Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool