2110 S Park Ave - Apartments FOR SALE


Minneapolis, MN 55404- Ventura Village
$2,068,000 USD
612-669-2051
2110 S Park Ave, Minneapolis, MN for Sale
$2,068,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

2110 S Park Ave
Minneapolis, MN 55404
Ventura Village


OVERVIEW

Beautiful maintained 22- unit multifamily property with many capital improvements, tastefully done units and hallways, a new roof. The property is part of the 4d Affordable Housing Incentive Program, resulting in a reduction in the property taxes, enhancing cash flow. A very healthy rental property with its proximity to Downtown Minneapolis, major transit routes, bus lines, hospitals, and community facilities, parks, bike trails. Phenomenal opportunity to add this income-producing asset to your portfolio.

FOR SALE DETAILS

PRICE

$2,068,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

22

PRICE/UNIT

$94,000

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

RM2

APN/PARCEL ID

35-029-24-22-0011

ASK ABOUT THIS PROPERTY

Todd FairbanksRE/MAX Results Eden PrairieMore Info
612-669-2051

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

Todd FairbanksRE/MAX Results Eden PrairieMore Info
612-669-2051

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