2528 17th Ave S - Apartments FOR SALE


Minneapolis, MN 55404- Midtown Minneapolis
$875,000 USD
952-215-8033
2528 17th Ave S, Minneapolis, MN for Sale
$875,000 USD
Apartments - FOR SALE
1/31
null | 8.94% Cap Rate

2528 17th Ave S
Minneapolis, MN 55404
Midtown Minneapolis


OVERVIEW

Excellent opportunity to acquire a fully occupied 10-unit apartment building with strong in-place cash flow. This well-maintained property features updated units, a newer roof, updated exterior wood components, replacement shakes, and newer windows, helping reduce future capital expenditures. Generating approximately $117,000 in annual gross rental income, this stabilized asset offers immediate income with additional upside through long-term ownership. All units are occupied, providing consistent cash flow from day one. Ideal for investors looking to expand their portfolio or complete a 1031 exchange.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

10

PRICE/UNIT

$87,500

CAP RATE

8.94%

% 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

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,379 SF

ZONING

R2B

APN/PARCEL ID

35-029-24-14-0115

ASK ABOUT THIS PROPERTY

Miguel LopezCompass MinnesotaMore Info
952-215-8033

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Miguel LopezCompass MinnesotaMore Info
952-215-8033

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