2528 17th Avenue S,Minneapolis, MN 55404
Minneapolis, MN 55404
Description
Excellent opportunity to acquire a fully occupied 10-unit apartment building with strong in-place cash flow. This well-maintained property features updated units, a newer roof, updated exterior wood components, replacement shakes, and newer windows, helping reduce future capital expenditures.Generating approximately $117,000 in annual gross rental income, this stabilized asset offers immediate income with additional upside through long-term ownership. All units are occupied, providing consistent cash flow from day one.Ideal for investors looking to expand their portfolio or complete a 1031 exchange.
Details
| MLS # | 7086019 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 71 |
| Listing Provided By | Compass | Miguel Lopez |
Features
| Basement | Y |
|---|---|
| Units | 10 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.17 |
Interior
| Heating | Baseboard |
|---|
Exterior
| Roof | Age 8 Years or Less, Asphalt |
|---|---|
| Lot Features | Public Transit (w/in 6 blks), Tree Coverage - Light |
Parking
| Parking Features | Asphalt, Parking Lot, Paved Lot, Open |
|---|
Utilities
| Utilities | Electric Separate, Heating Common |
|---|
Taxes
| Property | 11660 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55404 |
| Area | 22 |
| Community Name | Gilpatricks Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Gilpatricks Add) | |
Price: $825,000 low | high Med: $0 On site: 71 low | high Med: | |
Market Activity 55404
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55404 |
| Area | 22 |
| Community Name | Gilpatricks Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Gilpatricks Add) | |
Price: $825,000 low | high Med: $0 On site: 71 low | high Med: | |
