Property Listing
Description
Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,245 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year. Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!
Property Information
Status: Active
Sub Type: ********
List Price: $699,000
MLS#: 6770334
Current Price: $699,000
Address: 2818 E 31st Street, Minneapolis, MN 55406
City: Minneapolis
State: MN
Postal Code: 55406
Geo Lat: 44.946992
Geo Lon: -93.230647
Subdivision: Libbys Add
County: Hennepin
Property Description
Year Built: 1960
Lot Size SqFt: 4356
Gen Tax: 11051.6
Specials Inst: 0
High School: Minneapolis
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Total SqFt.: ********
Style: ********
Total Bedrooms: 10
Total Bathrooms: 6
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
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Property Features
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