3545 12th Ave S - Apartments FOR SALE


Minneapolis, MN 55407- Powderhorn Park
$1,275,000 USD
763-706-7901
3545 12th Ave S, Minneapolis, MN for Sale
$1,275,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

3545 12th Ave S
Minneapolis, MN 55407
Powderhorn Park


HIGHLIGHTS

  • Strong, stable tenant demand within a primarily residential submarket
  • Located in the Corcoran neighborhood of South Minneapolis
  • Recent improvements include newer boiler, water heaters, and energy-related upgrades
  • Part of the Minneapolis 4D program, supporting lower operating costs

OVERVIEW

3545 12th Ave S presents an opportunity to acquire an 11-unit multifamily asset in the Corcoran neighborhood of South Minneapolis, offered at $1,275,000. The property delivers stable in-place cash flow with a mix of renovated units and operational upside through continued unit turns and rent growth. Recent capital improvements, including a newer boiler, water heaters, and a newly paved parking lot, position the asset for long-term performance while maintaining tenant appeal in a steady rental submarket

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

16

PRICE/UNIT

$79,688

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3545 12th Ave S

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,226 SF

ZONING

R5

APN/PARCEL ID

02-028-24-42-0090

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.