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3001 N 3rd Street

Minneapolis, MN 55411
  • $1,099,000
  • STATUS: Active
  • ON SITE: 56 Days
  • ID#: 6363568
UPDATED: 25 min ago
$1,099,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,392
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Mrg Realty Partners, Llc.

Description

Presenting a prime investment opportunity in Minneapolis, MN - an extensively renovated 8 unit multifamily property ready for success. With updated finishes throughout, this turn-key asset attracts quality tenants and is positioned for long-term profitability. Highlights include every unit showcasing modern upgrades, from flooring to cabinets and appliances, ensuring a desirable living experience. The parking lot has been resurfaced, adding to the propertys visual appeal and convenience for residents. Recent a v pproval for the Minneapolis 4D Tax Program positions the new owner to save an estimated 40% on property taxes, maximizing returns. Fully occupied with a management company willing to continue, the property offers immediate cash flow and minimal leasing risk.

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IDX data © 2023 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 The Smith Team - Keller Williams Premier Realty 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. The Smith Team - Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Smith Team - Keller Williams Premier Realty, 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 2023-09-28T13:24:05.647.

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3001 N 3rd Street Minneapolis, MN 55411

  • Price: $1,099,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 25 min ago
  • ID#: 6363568
0
Beds
0
Baths
0
½ Baths
0.21
Acres
7,392
SQFT
$149
$/SQFT
1963
Built
Neighborhood:
Morrisons Add To North
County:
Hennepin
Area:
Hawthorne
School District:
1 - Minneapolis
Property Description
Presenting a prime investment opportunity in Minneapolis, MN - an extensively renovated 8 unit multifamily property ready for success. With updated finishes throughout, this turn-key asset attracts quality tenants and is positioned for long-term profitability. Highlights include every unit showcasing modern upgrades, from flooring to cabinets and appliances, ensuring a desirable living experience. The parking lot has been resurfaced, adding to the propertys visual appeal and convenience for residents. Recent a v pproval for the Minneapolis 4D Tax Program positions the new owner to save an estimated 40% on property taxes, maximizing returns. Fully occupied with a management company willing to continue, the property offers immediate cash flow and minimal leasing risk.
Exterior Features

Construction Materials Brick/StoneStucco Foundation Area 3696 Lot Size Dimensions 9045 Sq Ft Parking Features Parking Lot Parking Open 11

Interior Features

Cooling Window Unit(S) Heating Boiler

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending Yes Association Amenities Coin-Op Laundry Leased Contingency None Current Use Residential Expenses 41277.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Gross Income 120663 Inclusions Rental License Land Lease YN No Lender Owned No Net Operating Income 78603.36 Operating Expense 41277 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 8025 Tax With Assessments 0.0000 Tax Year 2023 Tenant Pays Electricity Utilities Electric Separate Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Mrg Realty Partners, Llc: . 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 © 2023 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 The Smith Team - Keller Williams Premier Realty 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. The Smith Team - Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Smith Team - Keller Williams Premier Realty, 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 2023-09-28T13:24:05.647.

Click here for Digital Millennium Copyright Act
 
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The Smith Team - Keller Williams Premier Realty
3555 Willow Lake Blvd #100
Vadnais Heights MN, 55110
NorthstarMLS] logo Listing courtesy of Mrg Realty Partners, Llc.