2800 Stevens Ave - Apartments FOR SALE


Minneapolis, MN 55408- Whittier
$675,000 USD
612-325-2476
2800 Stevens Ave, Minneapolis, MN for Sale
$675,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

2800 Stevens Ave
Minneapolis, MN 55408
Whittier


HIGHLIGHTS

  • Individual thermostats for Heat and individual air conditioners.
  • There is the option of installing a 6th apartment.
  • Nice looking old fashioned yard lights.

OVERVIEW

6th UNIT OPTION! ZONING ALLOWS FOR IT AND THERE IS SPACE IN THE LOWER LEVEL. There is a 1/2 bath already there and some finished space because the current owners had intended to put in an office. There are all month to month leases so a new owner is free to proceed with any plan desired. Shingle, not flat roof. Fenced yard with unique old fashioned lighting in the yard. The current rents are low at $1,000 and $1,100. I believe $1,250 is easily obtainable but buyers can verify.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

5

PRICE/UNIT

$135,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R5

APN/PARCEL ID

34-029-24-43-0096

ASK ABOUT THIS PROPERTY

Steven PierceBridge RealtyMore Info
612-325-2476

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Steven PierceBridge RealtyMore Info
612-325-2476

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