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515 5th Street SE

Minneapolis, MN 55414
  • $1,600,000
  • STATUS: Active
  • ON SITE: 86 Days
  • ID#: 6476128
$1,600,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,692
    SQFT
  • $150
    $/SQFT
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Keller Williams Integrity RE.

Description

Centrally located and easy to manage 11-Unit apartment building near the University of MN campus! Majority of the units are 2-BR with one being a hard to find 3-BR that has been recently updated. This property is in solid condition with longstanding tenants in place and an opportunity for rent increases over time as current tenants vacate. Full brick exterior and a newer flat roof. Park off-street in the rear parking lot behind building, with plenty of space for each unit. Well maintained mechanicals and solid ownership. Boiler Heat and Natural Gas Fuel. Residential/Multi-Family zoning. Public Transportation is within walking distance to building. This is a quiet and well leased location for your next investment property.

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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 2024-04-17T23:47:23.207.

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515 5th Street SE Minneapolis, MN 55414

  • Price: $1,600,000
  • Status: Active
  • On Site: 86 Days
  • ID#: 6476128
0
Beds
0
Baths
0
½ Baths
0.25
Acres
10,692
SQFT
$150
$/SQFT
1960
Built
Neighborhood:
Mill Cos Add To St Anthony Fal
County:
Hennepin
Area:
Marcy Holmes
School District:
1 - Minneapolis
Property Description
Centrally located and easy to manage 11-Unit apartment building near the University of MN campus! Majority of the units are 2-BR with one being a hard to find 3-BR that has been recently updated. This property is in solid condition with longstanding tenants in place and an opportunity for rent increases over time as current tenants vacate. Full brick exterior and a newer flat roof. Park off-street in the rear parking lot behind building, with plenty of space for each unit. Well maintained mechanicals and solid ownership. Boiler Heat and Natural Gas Fuel. Residential/Multi-Family zoning. Public Transportation is within walking distance to building. This is a quiet and well leased location for your next investment property.
Exterior Features

Construction Materials Brick/Stone Foundation Area 3888 Levels Two Lot Features Public Transit (w/in 6 blks)Tree Coverage - Light Lot Size Dimensions 66x165 Parking Features AsphaltPaved Parking Open 12 Road Frontage Type City StreetCurbsPaved StreetsSidewalks Roof FlatRubber Topography Level

Interior Features

Amenities Unit Ceiling Fan(s)Main Floor Primary BedroomNatural Woodwork Appliances RangeRefrigerator Basement BlockDaylight/Lookout WindowsEgress Window(s)FinishedFullPartially FinishedStorage/Locker Heating Boiler Refrigerator Num One

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending Unknown Contingency None Current Use Residential Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Gross Income 156000 Inclusions BuildingLeases Land Lease YN No Lender Owned No Owner Pays FuelRepairsSnow RemovalTaxesTrash CollectionWater Postal City Minneapolis Potential Short Sale No Property Sub Type Apartment Rental License YN No Sewer City Sewer/Connected Tax Annual Amount 27260 Tax With Assessments 27260.0000 Tax Year 2022 Tenant Pays Cable TVElectricity Utilities None Water Source City Water/ConnectedCity Water - In Street Zoning Description Residential-Multi-Family

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Keller Williams Integrity RE: . 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 2024-04-17T23:47:23.207.

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 Keller Williams Integrity RE.