Property Listing
Description
Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however, Unit #3 has been intentionally left vacant to accommodate showings.
Property Information
Status: Active
Sub Type: ********
List Price: $974,900
MLS#: 6739152
Current Price: $974,900
Address: 3001 N 3rd Street, Minneapolis, MN 55411
City: Minneapolis
State: MN
Postal Code: 55411
Geo Lat: 45.010906
Geo Lon: -93.283815
Subdivision: Morrisons Add To North
County: Hennepin
Property Description
Year Built: 1963
Lot Size SqFt: 9147.6
Gen Tax: 7682
Specials Inst: 0
High School: ********
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Total SqFt.: ********
Style: ********
Total Bedrooms: 14
Total Bathrooms: 8
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Inclusions: Building, Land, Rental License
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