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2020 E Franklin Avenue

Minneapolis, MN 55404
  • $1,999,900
  • STATUS: Active
  • ON SITE: 157 Days
  • ID#: 6474426
$1,999,900
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,600
    SQFT
  • $147
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1916
County:
Area:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Caspian Group.

Description

This multi-family property is located in the Seward neighborhood and features 16 rental units. 8 of the units are two-bedroom units and 8 of the units are three-bedroom units. This property features many updates including all new windows, repaired exterior stucco and new paint, all new exterior security door, new asphalt patching of parking lot. Interior units feature new appliances, bathroom fixtures, interior paint, new light fixtures, new interior locks. There are currently 10 vacancies allowing for the new buyer to fill with their own tenants. This property is great for affordable rentals or ICS grant usage.

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IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than ReMax Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. ReMax Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of ReMax Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-06-13T00:23:22.893.

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2020 E Franklin Avenue Minneapolis, MN 55404

  • Price: $1,999,900
  • Status: Active
  • On Site: 157 Days
  • ID#: 6474426
0
Beds
0
Baths
0
½ Baths
0.41
Acres
13,600
SQFT
$147
$/SQFT
1916
Built
Neighborhood:
Murphys Add
County:
Hennepin
Area:
Seward
School District:
1 - Minneapolis
Property Description
This multi-family property is located in the Seward neighborhood and features 16 rental units. 8 of the units are two-bedroom units and 8 of the units are three-bedroom units. This property features many updates including all new windows, repaired exterior stucco and new paint, all new exterior security door, new asphalt patching of parking lot. Interior units feature new appliances, bathroom fixtures, interior paint, new light fixtures, new interior locks. There are currently 10 vacancies allowing for the new buyer to fill with their own tenants. This property is great for affordable rentals or ICS grant usage.
Exterior Features

Construction Materials Stucco Foundation Area 1700 Foundation Dimensions 35*48 Garage Dimensions 0 Garage Door Height 0 Garage Door Width 0 Garage Square Feet 0 Lot Size Dimensions 165 X 107 Parking Features AsphaltParking LotPavedOpen Parking Open 12

Interior Features

Appliances FreezerRangeRefrigerator Cooling Window Unit(s) Heating BoilerRadiator(s)

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending No Contingency None Current Use Residential Electric Expense 1000 Expenses 168000.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Fuel Expense 1000 Gross Income 254400 Inclusions BuildingFixture/EquipmentLeases Insurance Expense 18000 Land Lease YN No Lender Owned No Maintenance Expense 10000 Net Operating Income 86400 Postal City Minneapolis Potential Short Sale No Property Sub Type Apartment Rental License Type Standard Rental License YN Yes Sewer City Sewer/Connected Tax Annual Amount 34921 Tax With Assessments 36418.0000 Tax Year 2023 Tenant Pays ElectricityGas Trash Expense 2500 Utilities Electric SeparateHeating SeparateHot Water Separate Water Source City Water/Connected Zoning Description Residential-Multi-Family

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Caspian Group: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than ReMax Advantage Plus are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. ReMax Advantage Plus is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of ReMax Advantage Plus, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-06-13T00:23:22.893.

Click here for Digital Millennium Copyright Act
 
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ReMax Advantage Plus
17850 Kenwood Trail
Lakeville MN, 55044
NorthstarMLS] logo Listing courtesy of Caspian Group.