Property Listing
Description
Whether you're ready to live virtually rent-free while your tenants cover the mortgage, or simply want a high-performing asset in your portfolio, this is the property you've been waiting for! This fourplex offers four spacious 2-bed/1-bath units, each featuring beautiful hardwood floors, built-in buffets, and classic character throughout. Recent tile upgrades in the kitchens and baths and freshly refinished hardwood floors mean some work has already been done.... with a little additional updating, rents have real room to grow. Tenants enjoy the independence of their own boiler, water heater, and separate gas and electric meters, keeping utility costs squarely off the owner's plate and making expense management simple. A long-term tenant in the 4-car garage adds reliable income from day one. The versatile sunrooms that have served as a third bedroom in the past are a great value-add for future leasing. The location is a true standout. Nestled in one of south Minneapolis's most walkable and eclectic neighborhoods, residents have easy access to an array of local restaurants and merchants, plus everyday conveniences like Cub Foods, Aldi and Target — all within walking distance. The Lake Street and Minnehaha bus lines are steps from the front door, the light rail is just a few blocks away... Downtown Minneapolis, the airport, and St. Paul are all within easy reach. With one unit currently vacant, showings are easy to schedule with little notice — so don't wait!
Property Information
Status: Active
Sub Type: ********
List Price: $599,900
MLS#: 7051738
Current Price: $599,900
Address: 3132 Minnehaha Avenue, Minneapolis, MN 55406
City: Minneapolis
State: MN
Postal Code: 55406
Geo Lat: 44.945515
Geo Lon: -93.232722
Subdivision: Griswolds 3rd Add
County: Hennepin
Property Description
Year Built: 1914
Lot Size SqFt: 7405.2
Gen Tax: 26682
Specials Inst: 0
High School: Minneapolis
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Total SqFt.: 6732
Style: Array
Total Bedrooms: 8
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 4
Waterfront:
Property Features
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Inclusions: ********
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