Property Listing
Description
4-Unit Multi-Family (non-conforming) investment opportunity with strong income potential! This fully leased 4 unit property offers a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses (zoned as a DUPLEX), this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2,550 finished square feet and has an established occupancy history with leases already in place. Tenant leases are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis. Tenants are charged a monthly flat fee for electricity, gas, water, sewer & trash. This amount is already wrapped into the monthly rent that was stated. Buyer and Buyer's Agent to verify all details, including square footage. 24 Hour Tenant Notice required for showings.
Property Information
Status: Active
Sub Type: ********
List Price: $374,900
MLS#: 7105318
Current Price: $374,900
Address: 4255 Thomas Avenue N, Minneapolis, MN 55412
City: Minneapolis
State: MN
Postal Code: 55412
Geo Lat: 45.033285
Geo Lon: -93.31393
Subdivision: Victory Park Add
County: Hennepin
Property Description
Year Built: 1940
Lot Size SqFt: 6098.4
Gen Tax: 6887.36
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 1950
Below Grade Finished Area: 600
Below Grade Unfinished Area:
Total SqFt.: 2200
Style: Array
Total Bedrooms: 4
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront: ********
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: