3408 Stevens Ave S - Apartments FOR SALE


Minneapolis, MN 55408- Lyndale
$750,000 USD
651-900-4386
3408 Stevens Ave S, Minneapolis, MN for Sale
$750,000 USD
Apartments - FOR SALE
1/15
null | 7.45% Cap Rate

3408 Stevens Ave S
Minneapolis, MN 55408
Lyndale


OVERVIEW

3408 Stevens Avenue is a 6-unit multifamily investment opportunity located in the Lyndale neighborhood of South Minneapolis. The property is comprised of four two-bedroom units & two one-bedroom units. A new high-efficiency boiler & 2 new water heaters were installed in 2024. The windows were replaced in 2019. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There is off-street parking in the back of the building; one space for each unit. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W as well as for easy access to numerous neighborhood amenities toward Lyndale Avenue & beyond. Please contact listing agent directly for additional information about this property: David Dirkers | 651-998-9380 | David@mrgrealtypartners.com

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

7.45%

% 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

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R2B

APN/PARCEL ID

03-028-24-42-0078

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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