1700 3rd Ave S - Apartments FOR SALE


Minneapolis, MN 55404- Stevens Square
$1,425,000 USD
651-900-4386
1700 3rd Ave S, Minneapolis, MN for Sale
$1,425,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

1700 3rd Ave S
Minneapolis, MN 55404
Stevens Square


HIGHLIGHTS

  • Each unit includes a designated laundry area within its private storage unit.
  • Unit 3 features a private patio and a wheelchair lift for enhanced accessibility.
  • The property generates a total annual income of $144,900, with potential for additional revenue.
  • Extremely large basement common area featuring a workout space and a rare common area bathroom,
  • Room with potential to add an additional unit or enhance tenant amenities/ community space.
  • All units have been fully remodeled, meticulously maintained, and feature stunning woodwork throughout the property.

OVERVIEW

The property includes 8 units in the main mansion and a detached carriage house adjacent to the building, providing additional rental income or owner-occupant flexibility. This versatile property can continue as a rental investment or be adapted for alternative uses, featuring unique amenities such as a detached carriage house, a large basement common area with a bathroom, and a wheelchair-accessible unit with a lift. The property underwent a full renovation in 2017, everything new from roofs to unit finishes. Contact MaryPat McNicoll at (406) 291-9103 to schedule a tour or to receive more information and pricing guidance.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

9

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1886

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

OR3

APN/PARCEL ID

27-029-24-43-0208

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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