1416-1422 California St NE - Apartments FOR SALE


Minneapolis, MN 55413- Sheridan
$750,000 USD
651-248-6060
1416-1422 California St NE, Minneapolis, MN for Sale
$750,000 USD
Apartments - FOR SALE
1/18
null | 10.25% Cap Rate

1416-1422 California St NE
Minneapolis, MN 55413
Sheridan


OVERVIEW

8 Unit with 16 bedrooms, 17 bathrooms. Super quiet street in NE Minneapolis – Close to the River, walking paths, and so many neighborhood restaurants and cafes. There are actually two buildings, so many units have more light and windows than in one 8 unit building. Each apartment has 2 bedrooms, 1 bath, living room, eat-in kitchen, and a private rear-facing balcony. Some apartments have stained glass accent windows. Tenants pay their own heat and electric! Amenities include coin-op laundry and a large rear parking lot (12+ cars). Recent upgrades: aluminum-wrapped windows, updated cornices/fascia, many vinyl window replacements, and stained glass accents. See offering memorandum for more details such as income, expenses, and projected future capital expenditures.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

8

PRICE/UNIT

$93,750

CAP RATE

10.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R2B

APN/PARCEL ID

15-029-24-11-0058

ASK ABOUT THIS PROPERTY

Linda AlterColdwell Banker RealtyMore Info
651-248-6060

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Linda AlterColdwell Banker RealtyMore Info
651-248-6060

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