3322 Blaisdell Ave - Apartments FOR SALE


Minneapolis, MN 55408- Lyndale
$1,499,900 USD
952-445-5970
3322 Blaisdell Ave, Minneapolis, MN for Sale
$1,499,900 USD
Apartments - FOR SALE
1/27
null | 6.25% Cap Rate

3322 Blaisdell Ave
Minneapolis, MN 55408
Lyndale


HIGHLIGHTS

  • Very Clean Building
  • 100% Occupied - Strong Rental History
  • Assumable Freddie Mac Laon

OVERVIEW

Very clean professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street". Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio! No need to get financing, Buyer can assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031. Opportunities like this do not come along often. 24-hour notice for showings.

FOR SALE DETAILS

PRICE

$1,499,900 USD

PRICE/SF

$193 USD /SF

# OF UNITS

14

PRICE/UNIT

$107,136

CAP RATE

6.25%

% 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

1939

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R5

APN/PARCEL ID

03-028-24-24-0073,03-028-24-24-0112

ASK ABOUT THIS PROPERTY

Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

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Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

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