1816-1818 Bryant Ave - Apartments FOR SALE


Minneapolis, MN 55411- Near North
$2,300,000 USD
612-750-4312
1816-1818 Bryant Ave, Minneapolis, MN for Sale
$2,300,000 USD
Apartments - FOR SALE
1/10
null | 7.62% Cap Rate

1816-1818 Bryant Ave
Minneapolis, MN 55411
Near North


HIGHLIGHTS

  • Multi-family investment opportunity
  • Built in 1962
  • Secured entries
  • 19 private parking spaces
  • 10+ restaurants in close proximity
  • New apartment building just north of property

OVERVIEW

At the asking price of $2,300,000, the property is marketed at a 7.62% cap rate and generates current annual rental income of approximately $340,635. With 24 residential units, strong accessibility to major transportation corridors, and a history of capital improvements, the asset offers investors an opportunity to acquire a stabilized multifamily property in a well-connected Minneapolis location with existing income and long-term ownership potential

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

24

PRICE/UNIT

$95,833

CAP RATE

7.62%

% 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

1962

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R2B

APN/PARCEL ID

16-029-24-41-0080

ASK ABOUT THIS PROPERTY

Mike BrassTitus Commercial Real EstateMore Info
612-750-4312

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Mike BrassTitus Commercial Real EstateMore Info
612-750-4312

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