651-769-4826
, Minneapolis, MN for Sale
Multi-Family - FOR SALE
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60 Unit Lagoon & Humboldt Portfolio
Minneapolis, MN
Uptown Minneapolis


HIGHLIGHTS

  • Call For Offers Date: August 21 by 5:00 PM
  • Located on a 0.49-acre site totaling approximately 21,344 sf
  • Corner of Lagoon & Humboldt, across from Lunds & Byerly’s, near The Lakes, and next to the Midtown Greenway Trail
  • 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom.
  • Desirable Uptown/Lagoon Ave location with excellent access to nearby restaurants, retail, entertainment, parks, & transit
  • Contact Listing Brokers, Hayden Hulsey, CCIM & Mark Hulsey, for more information, financials, and scheduling tours.

OVERVIEW

• Call For Offers Date: August 21 by 5:00 PM • Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio • Located on a 0.49-acre site totaling approximately 21,344 sf • Corner of Lagoon & Humboldt, across from Lunds & Byerly’s, near The Lakes, and next to the Midtown Greenway Trail • Longtime family-owned asset • 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom. • 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015) • Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies • Perfect 1031 Tax Exchange and Investment • Opportunity to acquire three adjacent multifamily buildings in a single transaction (management efficiency) • Desirable Uptown/Lagoon Ave location with excellent access to nearby restaurants, retail, entertainment, parks, & transit • Flexible zoning with 2870 Humboldt Avenue South zoned UN3 and 2876/2882 Humboldt Avenue South zoned RM1, allowing for continued multifamily use in an urban residential setting. • Contact Listing Brokers, Hayden Hulsey, CCIM & Mark Hulsey, for more information, financials, and scheduling tours.

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651-769-4826

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Hayden Hulsey, CCIMResults CommercialMore Info
651-769-4826

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