Property Listing
Description
This extensively remodeled five-unit apartment building represents a rare, turn-key investment opportunity with both immediate income and long-term upside. The property features four spacious two-bedroom, one-bath units and a highly desirable three-bedroom, two-bath unit, complemented by a two-car garage and additional off-street parking. Kitchens have been fully updated with new cabinetry, modern appliances, fresh countertops, and in-unit or on-site laundry options, while refinished flooring, updated paint, select new windows and doors, and refreshed bathrooms with new tile enhance tenant appeal throughout. Importantly for the discerning investor, the ownership approach prioritized durability and longevity—plumbing, electrical, and other behind-the-walls infrastructure were upgraded with a long-term hold strategy in mind, materially reducing future capital expenditure risk. All five units are currently leased. Additional tenant amenities include basement storage lockers and shared laundry. The sale is driven solely by the seller’s pursuit of a new business venture, creating a compelling opportunity to acquire a well-maintained, thoughtfully upgraded asset built for stable performance well into the future.
Property Information
Status: Active
Sub Type: ********
List Price: $955,000
MLS#: 7023006
Current Price: $955,000
Address: 3407 Lyndale Avenue S, Minneapolis, MN 55408
City: Minneapolis
State: MN
Postal Code: 55408
Geo Lat: 44.940946
Geo Lon: -93.287755
Subdivision: Bakers Add
County: Hennepin
Property Description
Year Built: 1925
Lot Size SqFt: 5662.8
Gen Tax: 14934
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
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Total SqFt.: ********
Style: ********
Total Bedrooms: 11
Total Bathrooms: 6
Total Full Baths: ********
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
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Lot Feat/Fld Plain: Array
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Inclusions: Building, Land, Leases, Rental License
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