4255 Thomas Avenue N,Minneapolis, MN 55412
Minneapolis, MN 55412
Description
4-Unit Multi-Family (non-conforming) investment opportunity with strong income potential! This fully leased 4 unit property offers a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses (zoned as a DUPLEX), this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2,550 finished square feet and has an established occupancy history with leases already in place. Tenant leases are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis. Tenants are charged a monthly flat fee for electricity, gas, water, sewer & trash. This amount is already wrapped into the monthly rent that was stated. Buyer and Buyer's Agent to verify all details, including square footage. 24 Hour Tenant Notice required for showings.
Details
| MLS # | 7105318 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 90 |
| Listing Provided By | Fuze Real Estate | Stacy Churchill |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,550 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Units | 4 |
| Zoning | Residential-Multi-Family,Other |
| Acreage | 0.14 |
Interior
| Heating | Baseboard, Forced Air |
|---|
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Parking Features | Detached Garage |
|---|
Taxes
| Property | 6887 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55412 |
| Area | 79 |
| Community Name | Victory Park Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Victory Park Add) | |
Price: $374,900 low | high Med: $374,900 sqft: 2,550 low | high Med: 2,550 $ / sqft: $147 low | high Med: $147 On site: 90 low | high Med: 90 | |
Market Activity 55412
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Contact
Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55412 |
| Area | 79 |
| Community Name | Victory Park Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Victory Park Add) | |
Price: $374,900 low | high Med: $374,900 sqft: 2,550 low | high Med: 2,550 $ / sqft: $147 low | high Med: $147 On site: 90 low | high Med: 90 | |
