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$500,000
Est. payment /mo
6 Beds
6 Baths
6,350 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 6783249
Bedrooms 6
Year Built 1961
Annual Tax Amount $8,043
Tax Year 2025
Contingent None
Lot Size 6350.000 Acres
Lot Dimensions 50x127
Property Description
Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer's interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Boiler
Cooling Wall Unit(s)
Flooring Luxury Vinyl Tile
Inclusions Building, Rental License
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Open
Fence None
Pool None
Utilities Available Electric Separate, Heating Common
Present Use Residential
Building
Story Three Or More
Foundation 1600
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District Minneapolis
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Listed by Robert Wuornos • Edina Realty, Inc.
NEARBY SCHOOL & BUSINESS
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