620 23rd Ave N - Apartments FOR SALE


Minneapolis, MN 55411- Hawthorne
$194,900 USD
612-338-9647
620 23rd Ave N, Minneapolis, MN for Sale
$194,900 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

620 23rd Ave N
Minneapolis, MN 55411
Hawthorne


OVERVIEW

Excellent opportunity to acquire a 6-unit multifamily property in a convenient and established location. The building features 1 one-bedroom unit and 5 two-bedroom units, offering an attractive unit mix for investors seeking strong rental income potential. SOLD AS IS and rehab ready, providing an opportunity for an investor or owner-operator to renovate and reposition the property to maximize its income potential. Property Highlights: Street parking directly in front of the building, with an add'l parking lot located behind the building. Located just 1 block from Lyndale Avenue/busline/walkability. Approximately 3 blocks from Fairview Park Convenient access to nearby neighborhood amenities, transportation, shopping, and services. 48 hour notice for showing. Property Management Representative will provide access 10am-3pm.

FOR SALE DETAILS

PRICE

$194,900 USD

PRICE/SF

$39 USD /SF

# OF UNITS

6

PRICE/UNIT

$32,483

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

0.25 AC

LAND SF

10,890 SF

ZONING

R2B

APN/PARCEL ID

15-029-24-22-0252

ASK ABOUT THIS PROPERTY

Eric HeardBanneker Realty, LLCMore Info
612-338-9647

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Eric HeardBanneker Realty, LLCMore Info
612-338-9647

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