1115 14th Ave SE - Apartments FOR SALE


Minneapolis, MN 55414- Northeast Park
$1,895,000 USD
612-432-5451
1115 14th Ave SE, Minneapolis, MN for Sale
$1,895,000 USD
Apartments - FOR SALE
1/21
null | 6.5% Cap Rate

1115 14th Ave SE
Minneapolis, MN 55414
Northeast Park


HIGHLIGHTS

  • Prime Investment Opportunity
  • Located in the heart of SE Minneapolis
  • Property offers consistent rental income and significant potential for future appreciation
  • Located near the University of Minnesota
  • 16 remodeled rental units
  • Just minutes from major highways, downtown Minneapolis, and abundant local amenities

OVERVIEW

Assumable loan at 4.64% for approximately $1,145,000, until 2029, 25 yr ammoritization, with qualifying buyer. Prime Investment Opportunity: 16-Unit Multifamily Building in the Heart of SE Minneapolis. Presenting an exceptional investment opportunity in one of Minneapolis’ most sought-after neighborhoods, this well-maintained 16-unit multifamily property offers consistent rental income and significant potential for future appreciation. Located in the vibrant and highly desirable Southeast Minneapolis area, this property is ideally positioned near the University of Minnesota, making it an attractive option for student housing, professionals, and long-term renters alike. 16 remodeled rental units: A mix of 10 micro suites, 5 one bedroom units and a 2-bedroom unit, offering a variety of living options to suit diverse tenants. Just minutes from the University of Minnesota campus, major highways, downtown Minneapolis, and abundant local amenities such as restaurants, parks, and shops.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

16

PRICE/UNIT

$118,438

CAP RATE

6.5%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SE Flats I

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,622 SF

ZONING

R6

APN/PARCEL ID

24-029-24-12-0002

ASK ABOUT THIS PROPERTY

Martin MorganMorgan and Trust RealtyMore Info
612-432-5451

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Martin MorganMorgan and Trust RealtyMore Info
612-432-5451

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.