$580,000 USD
866-889-0550
3343 15th Ave S
Minneapolis, MN 55407
Powderhorn Park
HIGHLIGHTS
- Value-add opportunity in a proven South Minneapolis rental location
- Pro forma cap rate of 8.58% with NOI upside through operational efficiencies
- Desirable unit mix: four 1BD units and one 3BD unit
- Located directly adjacent to Powderhorn Park with trails and green space
- Convenient access to retail and restaurants along Lake Street
- Recently updated boiler and newer mechanical updates
FOR SALE DETAILS
PRICE
$580,000 USD
PRICE/SF
$153 USD /SF
# OF UNITS
5
PRICE/UNIT
$116,000
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
1905
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.12 AC
LAND SF
5,227 SF
ZONING
R2B
APN/PARCEL ID
02-028-24-13-0007
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866-889-0550
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866-889-0550
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