PREMIER SOUTH MINNEAPOLIS LOCATION JUST BLOCKS FROM THE LAKES! LARGE 1,315+ SQFT PULLMAN STYLE APARTMENTS WITH ALL THE CHARM OF 1910. ORIGINAL HARDWOOD FLOORS, LARGE BASEBOARD TRIM, BUILT-INS, & COVED CEILINGS. SIX OF THE SEVEN UNITS HAVE EXTRA SQUARE FOOTAGE W/ FRONT PORCHES HIGHLIGHTING THE EXPOSED BRICK. THE LOWER LEVEL GARDEN UNIT TAKES UP ROUGHLY 2/3’S OF THE FOUNDATION SIZE AND OFFERS THE RESIDENTS A VERY COOL UNIQUE HOME WITH THE PROPER EGRESS. THE CITY OF MINNEAPOLIS CERTIFICATE OF OCCUPANCY HAS IT AS A LEGAL LICENSED 7-UNIT. ALL BRICK EXTERIOR WITH STUCCO ON THE FRONT AND FIVE OFF-STREET PARKING SPACES FOR TENANTS. ALL UNITS HAVE BEEN UPDATED WITH NEWER GAS FIRED HOT WATER BOILERS SEPARATELY METERED FOR RESIDENTS TO PAY. CURRENTLY 6 OF THE 7 UNITS ARE RENTED WITH THE LAST UNIT LEFT OPEN FOR EASIER SHOWINGS. WOULD MAKE EITHER A GREAT CONDO CONVERSION OR TEAR DOWN AND BUILD A NEW DEVELOPMENT! CURRENT IN PLACE CAP RATE OF 7.53% **SELLER MAY FINANCE**
Listed by Nathan Newes-Opatz of Apartment Cash Flow,Inc.

Listing Sold by Apartment Cash Flow,Inc.

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  "Based on information submitted to NORTHSTAR as of February 29, 2024 3:38 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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