3115 Grand Avenue S Minneapolis, MN 55408 (Pending)

$1,895,000 N/A N/A
Price Bedrooms Bathrooms
Price has dropped 90.5% since 8/1/2021 Price History
Status: Pending

MLS #: 6073532

Apartment Sq. Feet: N/A
On Site: 82 Days Lot Size: 0.26 Acres
Neighborhood: See All Properties for Sale in Lyndale
DESCRIPTION
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Rare opportunity for a very profitable income producing building with several furnished units and total annual income/NOI higher than many buildings with twice the number of units. Nearly an 8 cap property. 5- 2 BR units and 7 - 1 BR units. Turnkey investment property operation with furnished units! Seller has made significant improvements and investments to the property in recent years.
FEATURES / AMENITIES
Heating: Forced Air
Fuel: Natural Gas
PROPERTY FEATURES
Lot Size: 0.26 Acres
Lot Dimensions: 124x90
Parking Features: Paved
Utilities: Electric Separate, Hot Water Separate
Sewer: City Sewer/Connected
Water: City Water/Connected
Zoning: Residential-Multi-Family
Directions: 35W to Stinson Blvd, North on Stinson to Lowry, West on Lowry to property.
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Sale Includes: Building, Land, Leases
Tax Year: 2020
Tax Annual Amount: $22, 228
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Listing Information Last Updated 10/21/2021
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Property Summary

3115 Grand Avenue S
Minneapolis, MN 55408

MLS®: 6073532

List Price: $1,895,000

Description:

MLS # 6073532: This property at 3115 Grand Avenue S, Minneapolis, MN 55408 is located in the Lyndale subdivision and is listed for $1,895,000. MLS # 6073532 has been on the market for 81 days.