3412 Bloomington Ave S - Apartments FOR SALE


Minneapolis, MN 55407- Powderhorn Park
$1,900,000 USD
3412 Bloomington Ave S, Minneapolis, MN for Sale
$1,900,000 USD
Apartments - FOR SALE
1/24
null | 7.74% Cap Rate

3412 Bloomington Ave S
Minneapolis, MN 55407
Powderhorn Park


HIGHLIGHTS

  • Newer Vinyl Replacement Windows
  • New Flat TPO Roof
  • Great Unit Mix of 12-2bd and 6-1bd apartments
  • Four Attached Tuck Under Garages

OVERVIEW

Bloomington Square Apartments is located in the heart of South Minneapolis close to many shops, parks and employment. Built in 1962 this property features a total of 18-units with a mix of twelve 2bd, 1ba and six 1bd, 1ba along with a whole lower fourth level with four tuck under garages. There is plenty of extra storage and off-street parking. The exterior is maintenance free with brick and stucco and newer vinyl replacement windows. The building sits on 0.28 acres and is only a short block from the desirable Powderhorn Park. Onsite laundry and extra storage lockers. Fully leased and located in a non-rent controlled city of Minnesota. PROPERTY FACTS: Year Built: 1962 Square Footage: 15,320 Units: 18 Zoning: Multiple-Dwelling Parking: 4 Attached Garage Stalls w/ Openers Plus 16 Off-Street Parking Spots Exterior: All Brick and Stucco Exterior Heating: Gas Fired Forced Air Hot Water Boiler System Air Conditioning: In the Wall Air Conditioning Units Roof: Flat Roof - Newer in Age UNIT DESCRIPTION: 12 - Two Bedroom, One Bath - Approx. 800+ Sqft. 6 - One Bedroom, One Bath - Approx. 600+ Sqft PROPERTY IMPROVEMENTS: Hallways and Common Areas Recently Painted Newer Hot Water Heater Newer Double-Hung Windows Throughout the Building PRICE: $1,900,000.00

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

18

PRICE/UNIT

$105,556

CAP RATE

7.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bloomington Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R2B

APN/PARCEL ID

02-028-24-42-0002

ASK ABOUT THIS PROPERTY

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