3420 Bloomington Avenue S Minneapolis, MN 55407 (Pending)

$949,900 N/A N/A
Price Bedrooms Bathrooms
Price has dropped 5% since 5/21/2021 Price History
Status: Pending

MLS #: 5760820

Apartment Sq. Feet: N/A
On Site: 154 Days Lot Size: 0.15 Acres
Neighborhood: See All Properties for Sale in Powderhorn Park
DESCRIPTION
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Amazing Investment Opportunity ~ Charming 6-plex in desirable Powderhorn Park Neighborhood! Classic well-maintained building with (4) 2BR Units on Upper Level and (2) 1BR Units on Garden Level. Hardwood floors, sensible floor plans, tiled bathrooms with vintage vibes, bright & airy with plenty of natural light. This building location and amenities has attracted solid long-term residents. Shared coin-op Laundry with new floor and lockable storage closets. Mechanical Room with additional storage for management. Dual entrances for tenants with easy access to dedicated parking at rear of building. See Supps for Full list of Owner Improvements. Stable apartment building and payment history from tenants. Prime location near one of Minneapolis's biggest parks - includes indoor swimming, lake for fishing, large open spaces only a block away. Close to local favorites ~ Mayday Cafe & Matt's Bar & Grill. Easy access to transit and downtown. Turn-key operation with tons of potential!
FEATURES / AMENITIES
Appliances: Cooktop, Exhaust Fan, Range, Refrigerator, Wall Oven
Amenities: Tiled Floors
Cooling: Wall Unit(s)
Heating: Baseboard, Boiler, Hot Water
Fuel: Natural Gas
PROPERTY FEATURES
Lot Size: 0.15 Acres
Lot Dimensions: 50x123
Lot Features: Tree Coverage - Light
Parking Features: Asphalt, More Parking Onsite for Fee
Utilities: Electric Separate
Sewer: City Sewer/Connected
Water: City Water/Connected
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Zoning: Residential-Multi-Family
Directions: 35th and Bloomington North to home
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Tax Year: 2021
Tax Annual Amount: $13, 724
Water / Sewer Expense: $6, 323
Maintenance Expense: $360
Fuel Expense: $3, 509
Electric Expense: $595
Insurance Expense: $5, 296
Manager Expense: $1, 050
Trash Expense: $1, 873
Gross Income: $82, 290
Net Income: $48, 190
Association Amenities: Coin-op Laundry Leased
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Listing Information Last Updated 10/21/2021
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Property Summary

3420 Bloomington Avenue S
Minneapolis, MN 55407

MLS®: 5760820

List Price: $949,900

Description:

MLS # 5760820: This property at 3420 Bloomington Avenue S, Minneapolis, MN 55407 is located in the Powderhorn Park subdivision and is listed for $949,900. MLS # 5760820 has been on the market for 153 days.