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Active NEW!
$770,000
/mo Edit
Commercial:  Apartments
Built 1905
0.18 acres
Minneapolis schools
MLS# 6729628
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    Property Description

    A rare opportunity to invest in a turnkey 6-unit bldg in Marcy-Holmes. Same owner for 19 years with zero vacancy ever! A nice unit mix with 2-1BRs, 2-2BRs, 2-4BRs. Lots of improvements throughout including new windows to help make more energy efficient.

    Listing

    Contingency: None
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Apartments
    Zip Code: 55414
    Neighborhood/Area: Marcy Holmes
    Subdivision Name: Mill Cos Add To St Anthony Falls

    Interior

    Ceiling Height: 8-10
    Ranges: Six or More
    Refrigerators: Six or More
    Appliances Included:
    • Dishwasher
    • Range
    • Refrigerator
    Basement Details: Owner Access

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 8
    Foundation Size: 2,268 ft2
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Forced Air
    Parking Features: Parking Lot
    Shared Amenities: Coin-op Laundry Owned
    Unit Amenities: Hardwood Floors
    Exterior Material: Vinyl Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.18
    Geolocation: 44.986853, -93.244297
    Inclusions: Building, Fixture/Equipment, Leases
    Lot Dimensions: 48 x 165
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,174
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,174

    Income

    Annual Gross Income: $94,380

    Rent

    Annual Net Income: $69,190

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Residential
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    • Heating Common
    • Heating Separate
    Water System: City Water/Connected

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Grand Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.