TOURS: WEDNEDDAY, JUNE 18TH AND THURSDAY, JUNE 19TH – 10:00 TO 4:00 PM. Agents: 24-HOUR NOTICE FOR ALL SHOWINGS – NO EXCEPTIONS. The Listing Agent will attend all closing unless unable. 3-4 units available for initial showing. All units will become available to show upon an expected purchase agreement. Buyer Agents to verify all unit measurements.
707-709 5th Street Southeast in Minneapolis, MN is a well-maintained vintage 13-unit apartment property located in the heart of the Marcy Holmes neighborhood of Minneapolis. The building consists of nine 1-bedroom units and four studio units. Strong rental history with an opportunity to increase rents. Property has a 6-stall garage for added income. Currently only charging $45 per month. On-site laundry currently is not being charged. Storage units are in the basement and are currently included in the rent. Two more potential income sources. Marcy-Holmes is well known for its commercial districts, St. Anthony Main and Dinkytown, and its immediate proximity to the East Bank of the University of Minnesota-Twin Cities campus. Property is home to U of MN students and working-class individuals. Over 80% of the neighborhood is renters.