Property for Sale in Minneapolis
3226 Minnehaha S Avenue
Minneapolis, MN 55406
Property Details
Year Built
1963
Square Feet
8,400
Parking Features
Parking Lot
Zoning
Residential-Multi-Family
2023 Property Taxes
$16,937
School District
Minneapolis
County
Hennepin
3226 minnehaha ave. south is a strong producing turn-key apartment asset in a growing minneapolis neighborhood! very consistent occupancy with low turn over. newer developments in close proximity help raise the market rents on these units. there are eleven one-bedroom & one studio apartments and 10 off-street parking spaces in a rear parking lot. the exterior is a combination of brick and stucco with newer vinyl replacement windows. a rubs program (ratio utility billing system) has already been implemented for tenants to pay their portion for water, sewer, and trash. this property would make the ideal 1031 exchange up from a 2-4 unit rental. current in-place noi $72,995 with upside potential to raise rents the next two years by 10-15%. call for more details.
Features
Utilities
Electric Separate,Heating Common,Hot Water Common
Cooling
Wall Unit(s)
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Additional Info
Includes
Range,Refrigerator
Listed By
Nathan Opatz of Apartment Cash Flow, Inc.
Listed
02/09/24 and last updated 11/22/24

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