1810 Portland Ave - Apartments FOR SALE


Minneapolis, MN 55404- Ventura Village
$880,000 USD
612-323-9332
1810 Portland Ave, Minneapolis, MN for Sale
$880,000 USD
Apartments - FOR SALE
1/31
null | 10.2% Cap Rate

1810 Portland Ave
Minneapolis, MN 55404
Ventura Village


OVERVIEW

Information deemed reliable but not guaranteed. Buyers and buyer's agents to verify information. Please reach out to listing agent with questions and to book showings. Please review the OM. The listing agent will be present at showings. All tenants are on a month-to-month lease. There is potential for a seller carry up to $150,000 at a $950,000 purchase price. Inquire for more information on terms. Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property has been meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

11

PRICE/UNIT

$80,000

CAP RATE

10.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R6

APN/PARCEL ID

27-029-24-44-0068

ASK ABOUT THIS PROPERTY

James FaillettazKeller Williams Premier RealtyMore Info
612-323-9332

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James FaillettazKeller Williams Premier RealtyMore Info
612-323-9332

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