Property Listing
Description
Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!
Property Information
Status: Active
Sub Type: ********
List Price: $520,000
MLS#: 6783249
Current Price: $520,000
Address: 3311 Fremont Avenue N, Minneapolis, MN 55412
City: Minneapolis
State: MN
Postal Code: 55412
Geo Lat: 45.015366
Geo Lon: -93.295951
Subdivision:
County: Hennepin
Property Description
Year Built: 1961
Lot Size SqFt: 6350
Gen Tax: 8043
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: ********
Style: ********
Total Bedrooms: 6
Total Bathrooms: 6
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: Building, Rental License
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: