Property Attributes
- ID#6498349
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaKings Add
- NeighborhoodKings Add
- Zip55408
- StyleApartment,Low Rise
- Year Built1910
- Taxes$ 21359
- Price$ 1,525,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10800
- Lot Size6,098 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
Price Reduced! Fully leased with a 7.7% Cap Rate! Several units were just renovated. Bring all offers to this 7-Unit Multifamily Building For Sale near the Lakes in South Minneapolis! Renovated & huge 3+ bedroom, 1,300+ square foot units. Beautiful hardwood floors, 3 season porches, exposed brick & great natural light throughout. Rear room off the kitchen could be a 4th bedroom, dining room, or office. One legal and large garden level unit. Total building size of about 10,800 square feet. Tenants pay all utilities and each unit has new separately metered high efficiency gas boilers for hot water baseboard heat. 5 off-street parking stalls for additional income.
Price History | |
---|---|
3/4/2024 | Listed $1,590,000 |
4/16/2024 | 5% - $1,525,000 |
General Features
Sewer | City Sewer/Connected |
---|---|
Heating | Boiler |
Utilities | Electric Separate,Heating Separate,Hot Water Separate |
Construction Materials | Brick/Stone |
Year Built | 1910 |
Tenant Pays | All Utilities |
Property SubType | Apartment,Low Rise |
Tax Year | 2024 |
Current Use | Commercial,Residential |
Accessibility | None |
County | Hennepin |
Property Type | Commercial Sale |
Contingency | None |
Subdivision Name | Kings Add |
Directions | Girard Avenue South just off Hennepin Avenue between W 26th Street and W 27th Street. |
City | Minneapolis |
Buyer Agent Compensation | 2.00 |
High School District | Minneapolis |
Zoning Description | Business/Commercial,Residential-Multi-Family |
Total Units | 7 |
Street Name | Girard |
Land Lease Y/N | No |
Tax Annual Amount | 21359 |
Additional Parcels Y/N | No |
Days on Market | 43 |
Standard Status | Active |
Lender Owned | No |
Buyer Agent Compensation Type | % |
PostalCity | Minneapolis |
Interior Features
Basement | Partially Finished |
---|---|
Basement (Y/N) | Yes |
Street Suffix | Avenue |
Fuel | Natural Gas |
Exterior Features
Parking Features | Paved,Open |
---|---|
Water Source | City Water/Connected |
Inclusions | Building,Land,Leases |
Lot Size Area | 0.14 |
Building Area Total | 10800 |
Lot Dimensions | 47x129 |
Lot Size Units | Acres |
Foundation Area | 2700 |
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