3200 Bloomington Avenue
Minneapolis, MN 55407
7920 sqft | #6596769
Description
This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building similar to a small condo building.
Tenants pay their own Heat / Gas / Electric!
Lots of storage is available in the basement with a separate entrance in the back for convenient access.
Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat.
Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit.
The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.
Interior Details
- HeatingForced Air
Property Details
- Square Feet7920
Construction Details
- Property TypeMulti-Family
- Basement DescriptionBlock
- Basement1
Condition
- Year Built1912
Material information
- RoofRubber
Utilities / Energy Details
- Sewer InformationCity Sewer/Connected
- Utility SourceCity Water/Connected
Community and Neighborhood Details
- SubdivisionWilliams Add
Location
- School DistrictMinneapolis
- CountyHennepin
Financial Details
- Taxes Annual$10,855
- Days on Market (Cumulative)72
Other
- MLS #6596769
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: NORTHSTAR
Listing Courtesy
Listing Agent: Nathan Schammel (#NST506017223)
Listing Office: MRG Realty Partners, LLC (#NST26013)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
