Minnesota Real Estate Investors Association, Inc.

Minnesota Real Estate Investors Association, Inc.

LOI - XXXX Ave S., Minneapolis, MN 55407

Multiple Family

Property Status: Pending |  For Sale: $2,200,000.00

Property Photos

18 Unit Multi Family Apartment in Minneapolis, MN - Off Market - Value Add Deal (Rents and Operations Management)

Property Status:
This Property is currently...
  • Status: Pending
  • For Sale: $2,200,000.00
Property Details:
Multiple Family
Property Style:
5+ Units
Year Built:
No Basement
Owner / Agent:
Individual Owner
Property Features:
No Property Features Listed.
Contact Info
Dynasty Housing Network LLC
(763) 265-3005

View on Individual's Website
Property Description:

12 two bedrooms and 6 one bedrooms, 4 paying garages, 8 surface parking at no charge, Rubs utility - each tenant pays an extra $80 per month towards water, sewer, and gas, total income (2BRs is $12,720 a month, and 1BRs is $5,190 a month), rents are below market rate and could be raised an extra $100 to $200 per month after light renovations, self managed, 100% occupancy, light renovations of interior can add value - upgrade flooring and counter tops, near park, restaurants and shopping, roof is 10 years old, water hearter is 3 years old, boiler is operating well and tuned up each season, windows are 15 years old. Property tours are available as early as Wednesday, Sept. 15th and Friday, Sept. 17th.  Free and clear property. 

Legal Disclaimer:
Minnesota Real Estate Investors Association, Inc. is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

Contact Us

Minnesota Real Estate Investors Association, Inc.

7040 Lakeland Ave N #200
Brooklyn Park, MN 55428
(763) 432-2809

Proud Chapter of National REIA

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