3521 12th Ave S - Apartments FOR SALE


Minneapolis, MN 55407- Powderhorn Park
$1,175,000 USD
763-706-7901
3521 12th Ave S, Minneapolis, MN for Sale
$1,175,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

3521 12th Ave S
Minneapolis, MN 55407
Powderhorn Park


HIGHLIGHTS

  • Strong rental demand within a stable residential submarket
  • Recent upgrades include newer mechanicals, sewer piping, and interior improvements
  • Mix of renovated and classic units provides immediate upside
  • Part of the Minneapolis 4D program offering reduced tax burden

OVERVIEW

3521 12th Ave S offers the opportunity to acquire an 11-unit multifamily property in the desirable Powderhorn Park neighborhood of South Minneapolis. The asset provides stable in-place cash flow with additional upside through continued unit renovations and rent growth. Recent improvements to mechanical systems and common areas, along with participation in the Minneapolis 4D program, contribute to lower operating costs and long-term performance potential.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

12

PRICE/UNIT

$97,917

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,152 SF

ZONING

R5

APN/PARCEL ID

02-028-24-42-0076

ASK ABOUT THIS PROPERTY

Forrest KalkCommercial Investors GroupMore Info
763-706-7901

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Forrest KalkCommercial Investors GroupMore Info
763-706-7901

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