Utilities: Electric Separate, Heating Separate, Hot Water Common
Address: 3329 2nd Avenue S
Neighborhood: Central, Bakers 2nd Add
WILL NOW SELL INDIVIDUALLY, PREVIOUSLY LISTED AS PART OF PORTOFLIO SALE ONLY. Well maintained 5 unit in highly desirable South Minneapolis location. Unit breakdown: (1) 3 bed/2 bath, (3) 2 bed/1 bath, (1) studio/1bath. This property does have value-add potential with a framed-in loft apartment above the rear garage which is not currently being used/rented. Price of $660,000. NOI of $39,781.56. Cap Rate of 6.03%. Other properties available from this Seller: 4 unit building located at 3614 50th Ave N in Brooklyn Center & 2 Duplexes in North Minneapolis located next to one another at 2601 Colfax Ave N & 1014 26th Ave N, Minneapolis.
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