Sold: Minneapolis MLS# 6470543
Sold
$6,900,900 (list price)
$6,438,000
Commercial: Apartments
Built 1987
1.26 acres
Minneapolis schools
MLS# 6470543
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Property Description
All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$6,900,900
Sold Price:
$6,438,000
Sold Date:
09/30/2024
Property Type:
Commercial
City:
Minneapolis
County:
Hennepin
Year Built:
1987
State:
MN
Property Style:
Apartments
Zip Code:
55414
Neighborhood/Area:
Como
Subdivision Name:
Mcmillans Sub Blks Rollins Add
Exterior
Other Parking Spaces:
0
Foundation Size:
6,748 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Assigned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
1.26
Geolocation:
44.984546, -93.228112
Inclusions:
Building, Rental License
Lot Dimensions:
172 x 167
Addl Parcels:
2402924140128
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$8,699
Annual Fuel Expense:
$21,976
Annual Insurance Expense:
$9,013
Annual Maintenance Expense:
$58,751
Annual Gross Expense:
$257,008
Annual Trash Expense:
$6,764
Annual Water/Sewer Expense:
$19,713
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$111,959
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$113,947
Income
Annual Gross Income:
$763,242
Rent
Annual Net Income:
$506,235
Units
Total Units:
44
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Professionals.
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.