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Nick Leavy

nick@iheartexit.com +1(701) 205-1350

$749,000

Est. payment - /mo

5,662 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Auditors Sub 237

MLS Listing ID 7068138

Year Built 1963

Annual Tax Amount $10,988

Tax Year 2026

Contingent None

Lot Size 5,662 Sqft

Lot Dimensions 74 x 75

Property Description

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Block, Egress Window(s), Finished, Full

Interior

Heating Boiler, Hot Water, Zoned

Cooling Wall Unit(s)

Flooring Luxury Vinyl Plank, Tile

Inclusions Building, Land, Leases, Rental License

Fireplace No

Appliance Dishwasher, Range, Refrigerator, Stainless Steel Appliances

Exterior

Parking Features Paved Lot

Fence None

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Flat

Present Use Residential

Building

Story Three Or More

Foundation 1750

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Block,Brick

New Construction false

Schools

School District Minneapolis

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Listed by Nathan Opatz • Apartment Cash Flow, Inc.

Nearby School & Business

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Nick Leavy

+1(701) 205-1350

President License ID: 40668858

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3606 E 34th ST Minneapolis, MN 55406

Nick Leavy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information