3311 Fremont Ave N - Apartments FOR SALE


Minneapolis, MN 55412- Folwell
$500,000 USD
612-270-9507
3311 Fremont Ave N, Minneapolis, MN for Sale
$500,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

3311 Fremont Ave N
Minneapolis, MN 55412
Folwell


OVERVIEW

Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

5

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Residential/Multi-Family

APN/PARCEL ID

09-029-24-13-0061

ASK ABOUT THIS PROPERTY

Bob WuornosEdina RealtyMore Info
612-270-9507

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Bob WuornosEdina RealtyMore Info
612-270-9507

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