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Key Details
Sold Price $605,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Girard Invest Co 07Th Add
MLS Listing ID 6272240
Year Built 1923
Annual Tax Amount $9,588
Tax Year 2023
Lot Size 8,276 Sqft
Property Description
An excellent investment opportunity in Minneapolis, MN, a strategically located 5-unit multifamily property with significant management & renovation potential.
Positioned on a corner lot next to a bus stop, the property offers tenants convenient transportation, increasing rental desirability. Ample parking with an existing garage foundation offers additional future revenue streams.
Separately metered for Gas and Electric protects prospective owners from utility cost increases. The roof was recently inspected in 2021 & is performing well, along with the rest of the mechanicals.
Units 4 & 5 will be vacant by 9/30/23 and #1 is currently left vacant for ease of 1st showings.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Cooling Window Unit(s)
Exterior
Garage Detached
Garage Spaces 3.0
Utilities Available Electric Separate, Heating Separate
Roof Type Flat
Building
Lot Description Corner Lot
Foundation 2200
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Stucco
Schools
School District Minneapolis
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